Strathcona Resources Ltd. (TSE:SCR) Director Navjeet Dhillon Buys 3,000 Shares of Stock

Strathcona Resources Ltd. (TSE:SCR) Director Navjeet Dhillon bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$32.56 per share, with a total value of C$97,668.00.

Navjeet Dhillon also recently made the following trade(s):

• On Monday, August 19th, Navjeet Dhillon bought 3,455 shares of Strathcona Resources stock. The stock was bought at an average price of C$31.75 per share, with a total value of C$109,696.25.

Strathcona Resources Trading Down 0.9 %

Strathcona Resources stock opened at C$32.21 on Friday. The company’s fifty day moving average price is C$28.01 and its two-hundred day moving average price is C$30.61. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. Strathcona Resources Ltd. has a one year low of C$20.16 and a one year high of C$37.69. The company has a market capitalization of C$6.90 billion and a price-to-earnings ratio of 7.49.

Strathcona Resources (TSE:SCR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$1.43 EPS for the quarter. The company had revenue of C$992.90 million during the quarter, compared to analyst estimates of C$978.00 million. Strathcona Resources had a return on equity of 12.32% and a net margin of 11.62%. On average, analysts forecast that Strathcona Resources Ltd. will post 2.8494405 earnings per share for the current fiscal year.

Strathcona Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.10%. Strathcona Resources’s dividend payout ratio (DPR) is currently 23.26%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SCR shares. Jefferies Financial Group lowered their price target on Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a report on Monday, September 16th. Royal Bank of Canada lifted their target price on Strathcona Resources from C$34.00 to C$36.00 in a research report on Friday. ATB Capital upped their target price on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday. Scotiabank increased their price objective on shares of Strathcona Resources from C$35.00 to C$37.00 in a report on Friday. Finally, TD Securities lifted their target price on Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Strathcona Resources currently has a consensus rating of “Moderate Buy” and an average target price of C$36.13.

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.