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

Strathcona Resources Ltd. (TSE:SCR) Senior Officer Dale George Babiak purchased 6,410 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average cost of C$31.50 per share, with a total value of C$201,915.00.

Strathcona Resources Stock Up 0.9 %

Strathcona Resources stock opened at C$30.27 on Thursday. The firm has a 50 day moving average price of C$30.40 and a 200-day moving average price of C$29.95. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. Strathcona Resources Ltd. has a twelve month low of C$22.45 and a twelve month high of C$37.69. The company has a market capitalization of C$6.49 billion and a P/E ratio of 7.04.

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Monday, December 16th. Strathcona Resources’s dividend payout ratio (DPR) is 23.26%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday, December 16th. TD Securities upped their price objective on shares of Strathcona Resources from C$30.00 to C$31.00 in a research report on Friday, November 15th. Royal Bank of Canada dropped their target price on shares of Strathcona Resources from C$36.00 to C$35.00 in a research report on Tuesday. ATB Capital upped their target price on Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Finally, Scotiabank lifted their price target on Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, November 15th. Three research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.