Strathcona Resources Ltd. (TSE:SCR) Senior Officer Scott Seipert Acquires 5,000 Shares

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Scott Seipert acquired 5,000 shares of Strathcona Resources stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of C$30.50 per share, for a total transaction of C$152,500.00.

Strathcona Resources Stock Down 0.8 %

Shares of Strathcona Resources stock opened at C$29.31 on Thursday. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. The stock has a market cap of C$6.28 billion and a price-to-earnings ratio of 6.82. The firm’s 50-day moving average is C$31.34 and its two-hundred day moving average is C$30.91. Strathcona Resources Ltd. has a 1 year low of C$20.16 and a 1 year high of C$37.69.

Strathcona Resources (TSE:SCR) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$1.43 earnings per share for the quarter. The firm had revenue of C$992.90 million during the quarter, compared to analysts’ expectations of C$978.00 million. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%. As a group, research analysts expect that Strathcona Resources Ltd. will post 3.8944724 earnings per share for the current fiscal year.

Strathcona Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.00 annualized dividend and a yield of 3.41%. Strathcona Resources’s dividend payout ratio (DPR) is presently 23.26%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets upped their target price on Strathcona Resources from C$33.00 to C$35.00 in a research note on Wednesday, May 15th. Standpoint Research upped their price objective on Strathcona Resources from C$40.00 to C$42.00 in a research report on Thursday, July 11th. Scotiabank upgraded Strathcona Resources to a “strong-buy” rating in a research report on Friday, June 14th. Finally, TD Securities upped their price target on shares of Strathcona Resources from C$29.00 to C$30.00 and gave the stock a “hold” rating in a report on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$35.50.

Strathcona Resources Company Profile

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.