Strathcona Resources Ltd. (TSE:SCR - Get Free Report) Senior Officer Pit Kim Chiu purchased 825 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were bought 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 acquired 1,665 shares of Strathcona Resources stock. The stock was purchased at an average price of C$30.00 per share, for a total transaction of C$49,950.00.
- On Friday, April 11th, Pit Kim Chiu bought 1,000 shares of Strathcona Resources stock. The stock was purchased at an average price of C$24.00 per share, for a total transaction of C$24,000.00.
Strathcona Resources Price Performance
Shares of Strathcona Resources stock traded up C$0.16 during trading on Tuesday, hitting C$30.59. The stock had a trading volume of 36,654 shares, compared to its average volume of 49,868. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. Strathcona Resources Ltd. has a 12 month low of C$22.75 and a 12 month high of C$33.93. The firm has a market cap of C$6.54 billion and a price-to-earnings ratio of 17.64. The business's 50-day moving average is C$28.15 and its 200 day moving average is C$28.10.
Strathcona Resources Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.92%. This is a boost from Strathcona Resources's previous quarterly dividend of $0.26. Strathcona Resources's dividend payout ratio (DPR) is presently 57.67%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on SCR shares. Scotiabank upgraded Strathcona Resources to a "strong-buy" rating in a research note on Wednesday, March 19th. TD Securities cut their target price on shares of Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. CIBC dropped their price target on shares of Strathcona Resources from C$37.00 to C$33.00 in a research note on Thursday, April 10th. Royal Bank Of Canada lifted their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a research note on Thursday, May 22nd. Finally, ATB Capital increased their target price on 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. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$34.86.
Get Our Latest Stock Report on SCR
About Strathcona Resources
(
Get Free Report)
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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