Strathcona Resources Ltd. (TSE:SCR) Declares $0.30 Quarterly Dividend

Strathcona Resources Ltd. (TSE:SCR) declared a quarterly dividend on Friday, September 11th. Shareholders of record on Monday, September 21st will be paid a dividend of 0.30 per share on Monday, September 21st. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, September 11th.

Strathcona Resources Price Performance

SCR stock opened at C$44.31 on Wednesday. Strathcona Resources has a 52-week low of C$25.79 and a 52-week high of C$51.70. The company has a debt-to-equity ratio of 43.82, a quick ratio of 11.09 and a current ratio of 0.43. The company has a market capitalization of C$9.49 billion, a P/E ratio of 11.25, a PEG ratio of -2.02 and a beta of 2.61. The company has a fifty day moving average price of C$41.34 and a 200-day moving average price of C$40.62.

Strathcona Resources (TSE:SCR) last announced its earnings results on Thursday, August 6th. The company reported C$1.76 EPS for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%.The company had revenue of C$2.73 billion for the quarter. As a group, equities analysts expect that Strathcona Resources will post 2.8494405 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SCR. National Bank Financial lowered their target price on Strathcona Resources from C$68.00 to C$66.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Jefferies Financial Group raised shares of Strathcona Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from C$45.00 to C$56.00 in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$43.00.

About Strathcona Resources

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.