Dale George Babiak Acquires 6,410 Shares of Strathcona Resources Ltd. (TSE:SCR) Stock

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

Strathcona Resources Stock Down 3.7 %

Shares of SCR stock opened at C$30.01 on Wednesday. The stock’s fifty day moving average price is C$30.40 and its 200 day moving average price is C$29.95. Strathcona Resources Ltd. has a 1-year low of C$22.45 and a 1-year high of C$37.69. The company has a market cap of C$6.43 billion and a price-to-earnings ratio of 6.98. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.33%. Strathcona Resources’s payout ratio is 23.26%.

Analyst Upgrades and Downgrades

SCR has been the topic of several research reports. ATB Capital lifted their price objective on shares of Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Jefferies Financial Group lifted their price target on Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Royal Bank of Canada reduced their price target on Strathcona Resources from C$36.00 to C$35.00 in a research report on Tuesday. TD Securities raised their price objective on Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. Finally, Atb Cap Markets downgraded shares of Strathcona Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$36.25.

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.