Strathcona Resources (TSE:SCR) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Strathcona Resources Ltd. (TSE:SCR) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$32.28 and traded as low as C$26.53. Strathcona Resources shares last traded at C$27.15, with a volume of 287,608 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on SCR. TD Securities increased their price objective on shares of Strathcona Resources from C$35.00 to C$36.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Scotiabank reduced their target price on Strathcona Resources from C$40.00 to C$33.00 in a report on Tuesday, December 30th. Jefferies Financial Group dropped their price target on Strathcona Resources from C$29.00 to C$26.00 in a report on Tuesday, January 20th. Royal Bank Of Canada cut their price objective on Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating on the stock in a research report on Tuesday, January 13th. Finally, ATB Capital lowered their target price on Strathcona Resources from C$42.00 to C$32.00 in a research note on Tuesday, December 23rd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$32.43.

Strathcona Resources Trading Up 1.0%

The firm has a fifty day simple moving average of C$32.28 and a two-hundred day simple moving average of C$35.49. The firm has a market capitalization of C$5.87 billion, a P/E ratio of 5.35, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 annualized dividend and a yield of 4.4%. Strathcona Resources’s dividend payout ratio (DPR) is 21.68%.

Strathcona Resources Company Profile

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.