3 days Ago By ABMN Staff
Strathcona Resources ( TSE:SCR – Free Report ) had its target price upped by Scotiabank from C$35.00 to C$37.00 in a research note released on Friday morning, BayStreet.
CA reports. A number of other brokerages also recently commented on SCR. Jefferies Financial Group decreased 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 report on Monday, September 16th. TD Securities lifted their price target on Strathcona Resources from C$30.
00 to C$31.00 in a report on Friday. Finally, Royal Bank of Canada dropped their price objective on Strathcona Resources from C$37.
00 to C$34.00 in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company.
According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$36.13. Read Our Latest Research Report on SCR Strathcona Resources Price Performance Strathcona Resources Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, September 27th.
Shareholders of record on Friday, September 27th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 16th.
This represents a $1.00 annualized dividend and a yield of 3.09%.
Strathcona Resources’s dividend payout ratio is currently 23.26%. Insider Transactions at Strathcona Resources In other news, Director Navjeet Dhillon purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th.
The stock was acquired at an average cost of C$32.56 per share, with a total value of C$97,668.00.
Also, Senior Officer Scott Seipert acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of C$30.50 per share, for a total transaction of C$152,500.
00. Corporate insiders own 91.34% of the company’s stock.
Strathcona Resources Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Strathcona Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strathcona Resources and related companies with MarketBeat.com's FREE daily email newsletter .
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