Strathcona Resources Ltd. (SCR) To Go Ex-Dividend on December 16th

Strathcona Resources Ltd. (TSE:SCR) declared a quarterly dividend on Monday, December 16th,TickerTech Dividends reports. Investors 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 dividend yield of 3.42%. The ex-dividend date is Monday, December 16th.

Strathcona Resources Price Performance

Shares of TSE SCR traded down C$0.28 during trading on Friday, reaching C$29.28. The company had a trading volume of 14,133 shares, compared to its average volume of 39,246. Strathcona Resources has a 52 week low of C$21.33 and a 52 week high of C$37.69. The business’s 50 day moving average price is C$29.44 and its 200-day moving average price is C$30.44. The stock has a market cap of C$6.27 billion and a PE ratio of 6.81. The company has a debt-to-equity ratio of 50.29, a quick ratio of 11.09 and a current ratio of 0.53.

Insider Transactions at Strathcona Resources

In other Strathcona Resources news, Director Navjeet Dhillon acquired 3,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of C$32.56 per share, with a total value of C$97,668.00. Company insiders own 91.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SCR shares. Scotiabank boosted their target price on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Royal Bank of Canada raised their target price on shares of Strathcona Resources from C$34.00 to C$36.00 in a research note on Friday, November 15th. ATB Capital boosted their price target on shares of Strathcona Resources from C$37.00 to C$38.00 in a research note on Friday, November 15th. TD Securities raised their price objective on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group dropped 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 report on Monday, September 16th. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average 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.