Strathcona Resources Ltd. (TSE:SCR – Get Free Report) has received a consensus recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$43.00.
A number of research analysts have weighed in on SCR shares. Jefferies Financial Group raised shares of Strathcona Resources from a “hold” rating to a “buy” rating and lifted their price target for the company from C$45.00 to C$56.00 in a research note on Thursday, June 4th. National Bank Financial lowered their price objective on shares of Strathcona Resources from C$68.00 to C$66.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th.
View Our Latest Stock Report on Strathcona Resources
Strathcona Resources Stock Up 0.8%
Strathcona Resources (TSE:SCR – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%.The business had revenue of C$2.73 billion during the quarter. As a group, equities analysts expect that Strathcona Resources will post 2.8494405 earnings per share for the current year.
Strathcona Resources Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. Strathcona Resources’s dividend payout ratio is presently 30.46%.
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.
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