Strathcona Resources (TSE:SCR) Issues Earnings Results

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

Strathcona Resources Stock Performance

Shares of Strathcona Resources stock opened at C$36.34 on Monday. The company has a market capitalization of C$7.79 billion, a price-to-earnings ratio of 9.22, a PEG 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 has a 12-month low of C$25.79 and a 12-month high of C$51.70. The firm’s 50-day moving average price is C$41.53 and its two-hundred day moving average price is C$39.39.

Strathcona Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Monday, September 21st were given a dividend of $0.30 per share. 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 currently 30.46%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCR. ATB Cormark Capital Markets boosted their price objective on shares of 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. National Bank Financial decreased their target price on shares of Strathcona Resources from C$63.00 to C$62.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$45.00.

Strathcona Resources Company Profile

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.