Strathcona Resources Ltd. Announces Quarterly Dividend of $0.25 (TSE:SCR)

Strathcona Resources Ltd. (TSE:SCR) declared a quarterly dividend on Monday, December 16th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.25 per share on Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Monday, December 16th.

Strathcona Resources Stock Down 0.9 %

SCR stock traded down C$0.28 during trading on Friday, hitting C$29.28. 14,133 shares of the company’s stock traded hands, compared to its average volume of 39,246. The firm has a market capitalization of C$6.27 billion and a P/E ratio of 6.81. Strathcona Resources has a 1 year low of C$21.33 and a 1 year high of C$37.69. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. The business has a fifty day simple moving average of C$29.44 and a two-hundred day simple moving average of C$30.44.

Insiders Place Their Bets

In other news, Director Navjeet Dhillon bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of C$32.56 per share, for a total transaction of C$97,668.00. Corporate insiders own 91.34% of the company’s stock.

Analysts Set New Price Targets

SCR has been the subject of a number of analyst reports. Scotiabank upped their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Royal Bank of Canada raised their price target on shares of Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. ATB Capital boosted their price objective on shares of Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. Jefferies Financial Group lowered their target price on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Finally, TD Securities upped their price target on Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. Two research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.