Insider Buying: Strathcona Resources Ltd. (TSE:SCR) Senior Officer Buys C$241,790.94 in Stock

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Allan Grabas acquired 8,802 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of C$27.47 per share, for a total transaction of C$241,790.94.

Strathcona Resources Stock Up 2.5 %

Shares of TSE SCR opened at C$27.51 on Thursday. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. Strathcona Resources Ltd. has a 52 week low of C$22.75 and a 52 week high of C$37.69. The firm has a 50-day moving average price of C$28.03 and a 200 day moving average price of C$28.78. The stock has a market capitalization of C$5.88 billion and a price-to-earnings ratio of 15.87.

Strathcona Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is 57.67%.

Analyst Upgrades and Downgrades

SCR has been the topic of several analyst reports. ATB Capital lifted their target price on shares of Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Scotiabank lifted their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. Jefferies Financial Group lifted their target price on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. CIBC lifted their target price on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, January 17th. Finally, Royal Bank of Canada lowered their target price on shares of Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating on the stock in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.50.

About Strathcona Resources

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.