Insider Buying: Strathcona Resources Ltd. (TSE:SCR) Senior Officer Acquires 6,410 Shares of Stock

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Dale George Babiak bought 6,410 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average price of C$31.50 per share, for a total transaction of C$201,915.00.

Strathcona Resources Stock Performance

Strathcona Resources stock traded up C$0.09 during mid-day trading on Monday, reaching C$31.16. The company’s stock had a trading volume of 62,865 shares, compared to its average volume of 28,442. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. Strathcona Resources Ltd. has a twelve month low of C$22.45 and a twelve month high of C$37.69. The business has a 50 day moving average price of C$30.31 and a 200-day moving average price of C$29.98. The firm has a market cap of C$6.68 billion and a price-to-earnings ratio of 7.25.

Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Monday, December 16th. Strathcona Resources’s dividend payout ratio is presently 23.26%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SCR shares. Scotiabank raised their price objective on Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. Jefferies Financial Group boosted their target price on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. ATB Capital upped their target price on Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th. Atb Cap Markets cut shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, TD Securities upped their price target on shares of Strathcona Resources from C$30.00 to C$31.00 in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$36.38.

About Strathcona Resources

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.