Insider Buying: Strathcona Resources Ltd. (TSE:SCR) Director Purchases 4,293 Shares of Stock

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) Director Connie De Ciancio purchased 4,293 shares of the business's stock in a transaction on Monday, July 14th. The stock was acquired at an average cost of C$32.50 per share, with a total value of C$139,522.50.

Strathcona Resources Price Performance

Shares of TSE:SCR traded down C$1.05 during midday trading on Tuesday, reaching C$32.45. The company's stock had a trading volume of 39,952 shares, compared to its average volume of 52,266. Strathcona Resources Ltd. has a fifty-two week low of C$22.75 and a fifty-two week high of C$33.57. The company has a market capitalization of C$6.94 billion and a P/E ratio of 18.72. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. The business's fifty day simple moving average is C$29.71 and its 200-day simple moving average is C$28.26.

Strathcona Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 23rd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.70%. This is a positive change from Strathcona Resources's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, June 13th. Strathcona Resources's dividend payout ratio (DPR) is presently 57.67%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SCR shares. ATB Capital upped their price target on shares of Strathcona Resources from C$32.00 to C$35.00 and gave the company a "sector perform" rating in a report on Tuesday, June 17th. Royal Bank Of Canada increased their price target on Strathcona Resources from C$34.00 to C$36.00 in a report on Thursday, May 22nd. Scotiabank upgraded Strathcona Resources to a "strong-buy" rating in a report on Wednesday, March 19th. National Bankshares set a C$42.00 price objective on Strathcona Resources and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, Cibc World Mkts cut Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Six analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$34.86.

Strathcona Resources Company Profile

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan.

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