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

Strathcona Resources Ltd. (TSE:SCR) Director Navjeet Dhillon acquired 3,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price 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 shares were acquired at an average price of C$31.75 per share, for a total transaction of C$109,696.25.

Strathcona Resources Stock Performance

Shares of SCR opened at C$32.21 on Monday. The firm has a market cap of C$6.90 billion and a price-to-earnings ratio of 7.49. 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’s 50 day moving average is C$28.01 and its two-hundred day moving average is C$30.61. Strathcona Resources Ltd. has a 52-week low of C$20.16 and a 52-week high of C$37.69.

Strathcona Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.25 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.00 annualized dividend and a yield of 3.10%. Strathcona Resources’s dividend payout ratio is presently 23.26%.

Wall Street Analyst Weigh In

SCR has been the topic of several research reports. TD Securities raised their price objective on Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday. Jefferies Financial Group lowered their target price on 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. Scotiabank boosted their price target on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday. Royal Bank of Canada increased their price objective on shares of Strathcona Resources from C$34.00 to C$36.00 in a research report on Friday. Finally, ATB Capital lifted their price objective on shares of Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.