Connie De Ciancio Acquires 4,293 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

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

Strathcona Resources Stock Up 2.2%

Shares of Strathcona Resources stock traded up C$0.70 during midday trading on Friday, reaching C$32.85. 70,823 shares of the company's stock traded hands, compared to its average volume of 52,762. The company has a market cap of C$7.03 billion and a price-to-earnings ratio of 18.95. The company's 50 day simple moving average is C$30.11 and its 200 day simple moving average is C$28.33. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. Strathcona Resources Ltd. has a 52 week low of C$22.75 and a 52 week high of C$33.57.

Strathcona Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a positive change from Strathcona Resources's previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.65%. Strathcona Resources's dividend payout ratio (DPR) is presently 57.67%.

Analyst Ratings Changes

Several equities research analysts recently commented on SCR shares. National Bank Financial upgraded shares of Strathcona Resources to a "strong-buy" rating in a research report on Sunday, June 29th. Royal Bank Of Canada increased their target price on shares of Strathcona Resources from C$34.00 to C$36.00 in a research report on Thursday, May 22nd. National Bankshares set a C$42.00 target price on shares of Strathcona Resources and gave the stock an "outperform" rating in a research report on Monday, June 30th. ATB Capital increased their target price on shares of Strathcona Resources from C$32.00 to C$35.00 and gave the stock a "sector perform" rating in a research report on Tuesday, June 17th. Finally, Cibc World Mkts downgraded shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Strathcona Resources 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.