Strathcona Resources (TSE:SCR) Shares Pass Above 50 Day Moving Average – Time to Sell?

Shares of Strathcona Resources Ltd. (TSE:SCR) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$40.81 and traded as high as C$43.37. Strathcona Resources shares last traded at C$43.25, with a volume of 296,392 shares traded.

Analyst Ratings Changes

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

Strathcona Resources Trading Up 2.1%

The company has a quick ratio of 11.09, a current ratio of 0.43 and a debt-to-equity ratio of 43.82. The firm’s 50 day simple moving average is C$40.81 and its two-hundred day simple moving average is C$38.62. The stock has a market cap of C$9.27 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61.

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

Strathcona Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Strathcona Resources’s dividend payout ratio (DPR) is currently 30.46%.

Strathcona Resources Company Profile

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.