Strathcona Resources Ltd. (SCR) to Distribute Quarterly Dividend of $0.30 on September 21st

Strathcona Resources Ltd. (TSE:SCR) declared a quarterly dividend on Friday, September 11th. Shareholders of record on Monday, September 21st will be given a dividend of 0.30 per share on Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 11th.

Strathcona Resources Stock Performance

TSE:SCR opened at C$44.31 on Wednesday. The company has a quick ratio of 11.09, a current ratio of 0.43 and a debt-to-equity ratio of 43.82. Strathcona Resources has a twelve month low of C$25.79 and a twelve month high of C$51.70. The company has a fifty day moving average of C$41.34 and a 200-day moving average of C$40.62. The firm has a market capitalization of C$9.49 billion, a P/E ratio of 11.25, a P/E/G ratio of -2.02 and a beta of 2.61.

Strathcona Resources (TSE:SCR) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share for the quarter. The firm had revenue of C$2.73 billion during the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. As a group, sell-side analysts anticipate that Strathcona Resources will post 2.8494405 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group raised Strathcona Resources from a “hold” rating to a “buy” rating and upped their target price for the stock from C$45.00 to C$56.00 in a research report on Thursday, June 4th. National Bank Financial decreased their price target on shares of Strathcona Resources from C$68.00 to C$66.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$43.00.

About Strathcona Resources

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.