Strathcona Resources (SCR) Scheduled to Post Quarterly Earnings on Tuesday

Strathcona Resources (TSE:SCR) is scheduled to post its quarterly earnings results after the market closes on Tuesday, August 13th.

Strathcona Resources (TSE:SCR) last announced its earnings results on Tuesday, May 14th. The company reported C$0.98 EPS for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.09. The business had revenue of C$1.14 billion for the quarter, compared to analysts’ expectations of C$795.00 million. Strathcona Resources had a net margin of 13.38% and a return on equity of 12.32%.

Strathcona Resources Stock Up 0.3 %

Shares of TSE:SCR opened at C$29.76 on Monday. Strathcona Resources has a 1-year low of C$20.16 and a 1-year high of C$37.69. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09. The stock has a market cap of C$6.38 billion and a P/E ratio of 10.67. The firm has a fifty day moving average price of C$31.82 and a 200 day moving average price of C$29.98.

Analyst Ratings Changes

Several brokerages have recently weighed in on SCR. Standpoint Research increased their target price on shares of Strathcona Resources from C$40.00 to C$42.00 in a research note on Thursday, July 11th. CIBC increased their price objective on Strathcona Resources from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. BMO Capital Markets boosted their target price on Strathcona Resources from C$33.00 to C$35.00 in a report on Wednesday, May 15th. Scotiabank raised Strathcona Resources to a “strong-buy” rating in a report on Friday, June 14th. Finally, TD Securities lifted their price objective on shares of Strathcona Resources from C$29.00 to C$30.00 and gave the company a “hold” rating in a research report on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$35.50.

About Strathcona Resources

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.