3 days Ago By ABMN Staff
Strathcona Resources ( TSE:SCR – Free Report ) had its target price raised by Royal Bank of Canada from C$34.00 to C$36.00 in a report issued on Friday, BayStreet.
CA reports. A number of other research firms also recently commented on SCR. Scotiabank increased their price objective on shares of Strathcona Resources from C$35.
00 to C$37.00 in a research note on Friday. Jefferies Financial Group cut their target price on shares of Strathcona Resources from C$35.
00 to C$30.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Finally, TD Securities lifted their price target on Strathcona Resources from C$30.
00 to C$31.00 in a research note on Friday. Two 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$36.13. Get Our Latest Research Report on SCR Strathcona Resources Stock Performance Strathcona Resources Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th.
Investors of record on Friday, September 27th were paid a dividend of $0.25 per share. 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 (DPR) is 23.26%. Insider Buying and Selling at Strathcona Resources In other news, Director Navjeet Dhillon acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th.
The shares were acquired at an average price 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 business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of C$30.50 per share, for a total transaction of C$152,500.
00. 91.34% of the stock is currently owned by insiders.
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. Recommended Stories 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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