Strathcona Resources Ltd. (TSE:SCR - Get Free Report) announced a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Stockholders of record on Monday, June 23rd will be paid a dividend of 0.30 per share on Monday, June 23rd. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, June 13th. This is a 15.4% increase from Strathcona Resources's previous quarterly dividend of $0.26.
Strathcona Resources Trading Up 5.0%
Shares of SCR traded up C$1.56 during trading hours on Thursday, hitting C$32.96. The stock had a trading volume of 45,240 shares, compared to its average volume of 47,989. Strathcona Resources 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$7.05 billion and a P/E ratio of 19.01. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. The company's fifty day simple moving average is C$27.08 and its 200 day simple moving average is C$28.14.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on SCR shares. Royal Bank of Canada lifted their price objective on Strathcona Resources from C$34.00 to C$36.00 in a research note on Thursday, May 22nd. Scotiabank upgraded shares of Strathcona Resources to a "strong-buy" rating in a report on Wednesday, March 19th. TD Securities decreased their price objective on shares of 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. Finally, CIBC dropped their price objective on shares of Strathcona Resources from C$37.00 to C$33.00 in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$35.29.
Check Out Our Latest Research Report on Strathcona Resources
Insider Buying and Selling
In other news, Senior Officer Pit Kim Chiu acquired 1,665 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was bought at an average cost of C$30.00 per share, with a total value of C$49,950.00. 91.34% of the stock is currently owned by corporate insiders.
About Strathcona Resources
(
Get Free Report)
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.
Read More
Before you consider Strathcona Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Strathcona Resources wasn't on the list.
While Strathcona Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
