Pit Kim Chiu Purchases 825 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) Senior Officer Pit Kim Chiu bought 825 shares of Strathcona Resources stock in a transaction on Tuesday, June 24th. The stock was purchased at an average price of C$30.22 per share, with a total value of C$24,931.50.

Pit Kim Chiu also recently made the following trade(s):

• On Wednesday, June 11th, Pit Kim Chiu bought 1,665 shares of Strathcona Resources stock. The stock was purchased at an average price of C$30.00 per share, with a total value of C$49,950.00.
• On Friday, April 11th, Pit Kim Chiu purchased 1,000 shares of Strathcona Resources stock. The stock was purchased at an average cost of C$24.00 per share, for a total transaction of C$24,000.00.

Strathcona Resources Stock Performance

TSE:SCR traded down C$0.19 during mid-day trading on Friday, hitting C$30.24. The company's stock had a trading volume of 22,154 shares, compared to its average volume of 49,166. The business's fifty day moving average is C$28.47 and its two-hundred day moving average is C$28.13. The stock has a market cap of C$6.47 billion and a price-to-earnings ratio of 17.44. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources Ltd. has a 1 year low of C$22.75 and a 1 year high of C$33.93.

Strathcona Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 23rd were paid a $0.30 dividend. This is an increase from Strathcona Resources's previous quarterly dividend of $0.26. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.97%. Strathcona Resources's dividend payout ratio is presently 57.67%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SCR. CIBC lowered their price target on Strathcona Resources from C$37.00 to C$33.00 in a report on Thursday, April 10th. Scotiabank raised shares of Strathcona Resources to a "strong-buy" rating in a research report on Wednesday, March 19th. 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 research note on Tuesday, June 17th. Royal Bank Of Canada raised their price target on shares of Strathcona Resources from C$34.00 to C$36.00 in a report on Thursday, May 22nd. Finally, TD Securities reduced their target price on Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.