Strathcona Resources (SCR) Scheduled to Post Quarterly Earnings on Tuesday

Strathcona Resources (TSE:SCR) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of C$0.89 per share for the quarter.

Strathcona Resources (TSE:SCR) last released its earnings results on Tuesday, March 26th. The company reported C$1.23 EPS for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.09). Strathcona Resources had a net margin of 13.63% and a return on equity of 12.32%. The business had revenue of C$1.29 billion during the quarter, compared to analyst estimates of C$869.00 million.

Strathcona Resources Price Performance

Strathcona Resources stock opened at C$31.54 on Tuesday. The company has a market cap of C$6.76 billion and a P/E ratio of -14.38. The company has a debt-to-equity ratio of 58.40, a quick ratio of 11.09 and a current ratio of 0.42. Strathcona Resources has a one year low of C$20.16 and a one year high of C$34.98. The business has a fifty day moving average of C$29.71 and a two-hundred day moving average of C$25.75.

Analyst Upgrades and Downgrades

SCR has been the subject of several research reports. Scotiabank cut their price target on Strathcona Resources from C$40.00 to C$32.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 16th. ATB Capital set a C$31.00 price objective on Strathcona Resources and gave the stock an “outperform” rating in a research report on Thursday, February 1st. BMO Capital Markets lifted their price objective on Strathcona Resources from C$25.00 to C$33.00 in a research report on Thursday, March 28th. Royal Bank of Canada lifted their price objective on Strathcona Resources from C$31.00 to C$38.00 in a research report on Tuesday, April 9th. Finally, CIBC lifted their price objective on 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. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$34.57.

Insider Buying and Selling

In other Strathcona Resources news, Director Robert J. Morgan purchased 2,993 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average price of C$34.20 per share, for a total transaction of C$102,360.60. Insiders own 8.01% of the company’s stock.

About Strathcona Resources

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.