Strathcona Resources Ltd. (TSE:SCR) Senior Officer Acquires C$49,950.00 in Stock

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) Senior Officer Pit Kim Chiu purchased 1,665 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of C$30.00 per share, with a total value of C$49,950.00.

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

• On Friday, April 11th, Pit Kim Chiu bought 1,000 shares of Strathcona Resources stock. The shares were purchased at an average cost of C$24.00 per share, with a total value of C$24,000.00.

Strathcona Resources Stock Up 4.7%

SCR traded up C$1.47 on Thursday, hitting C$32.87. The company had a trading volume of 83,247 shares, compared to its average volume of 48,377. 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 52-week low of C$22.75 and a 52-week high of C$33.93. The stock has a fifty day simple moving average of C$27.08 and a 200-day simple moving average of C$28.14. The firm has a market capitalization of C$7.03 billion and a P/E ratio of 18.96.

Strathcona Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 23rd will be paid a dividend of $0.30 per share. This is a boost from Strathcona Resources's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.65%. Strathcona Resources's payout ratio is 57.67%.

Analysts Set New Price Targets

SCR has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on shares of Strathcona Resources from C$34.00 to C$36.00 in a research note on Thursday, May 22nd. CIBC decreased their target price on shares of Strathcona Resources from C$37.00 to C$33.00 in a research report on Thursday, April 10th. TD Securities cut their price target on shares of Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. Finally, Scotiabank upgraded shares of Strathcona Resources to a "strong-buy" rating in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$35.29.

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.