Allan Grabas Acquires 8,802 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Allan Grabas bought 8,802 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of C$27.47 per share, with a total value of C$241,790.94.

Strathcona Resources Stock Performance

Strathcona Resources stock traded down C$0.88 during mid-day trading on Monday, hitting C$26.51. 14,769 shares of the company’s stock traded hands, compared to its average volume of 49,210. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. Strathcona Resources Ltd. has a one year low of C$22.75 and a one year high of C$37.69. The firm has a 50 day moving average price of C$28.28 and a 200 day moving average price of C$28.87. The company has a market cap of C$5.67 billion and a PE ratio of 15.29.

Strathcona Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.77%. Strathcona Resources’s dividend payout ratio is presently 57.67%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SCR shares. Royal Bank of Canada dropped their target price on shares of Strathcona Resources from C$35.00 to C$34.00 and set a “sector perform” rating on the stock in a report on Thursday. TD Securities dropped their price objective on shares of Strathcona Resources from C$32.00 to C$29.00 and set a “hold” rating on the stock in a research note on Thursday. ATB Capital upped their target price on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Scotiabank boosted their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group increased their target price on Strathcona Resources from C$30.00 to C$32.00 in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$35.50.

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.