Strathcona Resources Ltd. (TSE:SCR - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$35.33 and last traded at C$35.20, with a volume of 1690 shares changing hands. The stock had previously closed at C$34.50.
Analysts Set New Price Targets
Several brokerages recently issued reports on SCR. ATB Capital lifted their target price on Strathcona Resources from C$32.00 to C$35.00 and gave the company a "sector perform" rating in a research report on Tuesday, June 17th. National Bank Financial raised Strathcona Resources to a "strong-buy" rating in a research report on Sunday, June 29th. National Bankshares set a C$42.00 target price on Strathcona Resources and gave the company an "outperform" rating in a research report on Monday, June 30th. Royal Bank Of Canada lifted their target price on Strathcona Resources from C$34.00 to C$36.00 in a research report on Thursday, May 22nd. Finally, Cibc World Mkts cut Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Six analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$34.86.
Get Our Latest Research Report on Strathcona Resources
Strathcona Resources Stock Performance
The company has a 50-day simple moving average of C$31.82 and a two-hundred day simple moving average of C$28.72. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The firm has a market cap of C$7.65 billion and a PE ratio of 20.64.
Strathcona Resources Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. Strathcona Resources's dividend payout ratio is presently 57.67%.
Insiders Place Their Bets
In related news, Senior Officer Pit Kim Chiu acquired 1,665 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average cost of C$30.00 per share, for a total transaction of C$49,950.00. Also, Director Connie De Ciancio acquired 4,293 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were bought at an average price of C$32.50 per share, for a total transaction of C$139,522.50. Insiders have bought a total of 6,783 shares of company stock worth $214,404 in the last ninety days. Insiders own 91.34% of the company's stock.
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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