Strathcona Resources (TSE:SCR) Posts Quarterly Earnings Results

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

Strathcona Resources Stock Down 0.9%

SCR opened at C$36.00 on Tuesday. The firm has a 50-day simple moving average of C$41.41 and a two-hundred day simple moving average of C$39.44. Strathcona Resources has a 52 week low of C$25.79 and a 52 week high of C$51.70. The company has a market capitalization of C$7.71 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of -2.02 and a beta of -0.10. 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 Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on SCR. ATB Cormark Capital Markets lifted their target price on Strathcona Resources from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Thursday, October 22nd. National Bank Financial lowered their price target on Strathcona Resources from C$63.00 to C$62.00 and set an “outperform” rating on the stock in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Strathcona Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of C$45.00.

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.