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

Strathcona Resources Ltd. (TSE:SCR) Director Navjeet Dhillon bought 3,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of C$32.56 per share, for a total transaction of C$97,668.00.

Navjeet Dhillon also recently made the following trade(s):

• On Monday, August 19th, Navjeet Dhillon purchased 3,455 shares of Strathcona Resources stock. The shares were purchased at an average cost of C$31.75 per share, with a total value of C$109,696.25.

Strathcona Resources Trading Down 0.9 %

SCR opened at C$32.21 on Friday. 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$20.16 and a twelve month high of C$37.69. The stock has a market capitalization of C$6.90 billion and a price-to-earnings ratio of 7.49. The company has a 50-day simple moving average of C$28.01 and a 200 day simple moving average of C$30.61.

Strathcona Resources Dividend Announcement

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

Analyst Ratings Changes

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