Strathcona Resources (TSE:SCR) Posts Quarterly Earnings Results

Strathcona Resources (TSE:SCR) posted its quarterly earnings data on Monday. The company reported C$1.39 earnings per share for the quarter, FiscalAI reports. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%. The company had revenue of C$1.26 billion during the quarter.

Strathcona Resources Stock Performance

Shares of SCR opened at C$36.26 on Wednesday. The business’s fifty day simple moving average is C$41.28 and its two-hundred day simple moving average is C$39.49. The company has a current ratio of 0.43, a quick ratio of 11.09 and a debt-to-equity ratio of 43.82. Strathcona Resources has a 12 month low of C$25.79 and a 12 month high of C$51.70. The company has a market cap of C$7.77 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of -2.02 and a beta of -0.10.

Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Monday, September 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.20 annualized dividend and a yield of 3.3%. Strathcona Resources’s dividend payout ratio is 30.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SCR shares. National Bank Financial dropped their target price on Strathcona Resources from C$62.00 to C$59.00 and set an “outperform” rating on the stock in a report on Tuesday. ATB Cormark Capital Markets raised their price target on Strathcona Resources from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.57.

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.