Strathcona Resources (SCR) to Release Quarterly Earnings on Wednesday

Strathcona Resources (TSE:SCR) will be announcing its earnings results after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of C$2.07 per share for the quarter.

Strathcona Resources (TSE:SCR) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$1.43 earnings per share for the quarter. The business had revenue of C$992.90 million during the quarter, compared to analyst estimates of C$978.00 million. Strathcona Resources had a net margin of 11.62% and a return on equity of 12.32%.

Strathcona Resources Stock Performance

TSE:SCR opened at C$28.97 on Tuesday. The firm has a 50 day simple moving average of C$27.99 and a 200-day simple moving average of C$30.71. The company has a debt-to-equity ratio of 50.29, a current ratio of 0.53 and a quick ratio of 11.09. The firm has a market cap of C$6.21 billion and a PE ratio of 6.53. Strathcona Resources has a 1-year low of C$20.16 and a 1-year high of C$37.69.

Strathcona Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Monday, September 16th. Strathcona Resources’s dividend payout ratio is presently 23.26%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SCR. Jefferies Financial Group dropped their price target on shares of Strathcona Resources from C$35.00 to C$30.00 and set a “hold” rating for the company in a research report on Monday, September 16th. TD Securities dropped their price target on shares of Strathcona Resources from C$34.00 to C$30.00 in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada dropped their price target on shares of Strathcona Resources from C$37.00 to C$34.00 in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$34.25.

Insiders Place Their Bets

In other Strathcona Resources news, Senior Officer Scott Seipert acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of C$30.50 per share, for a total transaction of C$152,500.00. In related news, Director Navjeet Dhillon purchased 3,455 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average cost of C$31.75 per share, with a total value of C$109,696.25. Also, Senior Officer Scott Seipert purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of C$30.50 per share, for a total transaction of C$152,500.00. 91.34% of the stock is owned by insiders.

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.