Strathcona Resources Ltd. Announces Dividend of $0.25 (TSE:SCR)

Strathcona Resources Ltd. (TSE:SCR) announced a dividend on Tuesday, August 13th, Zacks reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.25 per share on Friday, September 27th. The ex-dividend date is Monday, September 16th.

Strathcona Resources Price Performance

Shares of SCR stock traded up C$0.38 during trading hours on Thursday, reaching C$32.58. 2,748 shares of the company were exchanged, compared to its average volume of 41,269. Strathcona Resources has a fifty-two week low of C$20.16 and a fifty-two week high of C$37.69. The stock’s fifty day moving average is C$31.68 and its two-hundred day moving average is C$30.13. The company has a market cap of C$6.98 billion and a price-to-earnings ratio of 11.54. The company has a debt-to-equity ratio of 56.06, a current ratio of 0.53 and a quick ratio of 11.09.

Strathcona Resources (TSE:SCR) last announced its earnings results on Tuesday, May 14th. The company reported C$0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.09. Strathcona Resources had a net margin of 13.38% and a return on equity of 12.32%. The company had revenue of C$1.14 billion for the quarter, compared to analyst estimates of C$795.00 million. Sell-side analysts forecast that Strathcona Resources will post 3.9599466 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SCR shares. CIBC upped their target price on shares of 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 upped their target price on shares of Strathcona Resources from C$33.00 to C$35.00 in a research report on Wednesday, May 15th. Standpoint Research upped their target price on shares of Strathcona Resources from C$40.00 to C$42.00 in a research report on Thursday, July 11th. Scotiabank upgraded shares of Strathcona Resources to a “strong-buy” rating in a report on Friday, June 14th. Finally, TD Securities increased 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 report on Thursday, May 16th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$35.50.

Strathcona Resources Company Profile

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.