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

Strathcona Resources Ltd. (TSE:SCRGet Free Report) 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:SCRGet Free Report) 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.

Check Out Our Latest Analysis on Strathcona Resources

Strathcona Resources Company Profile

(Get Free Report)

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.

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