Strathcona Resources (TSE:SCR) Shares Cross Below Fifty Day Moving Average – What’s Next?

Strathcona Resources Ltd. (TSE:SCR) passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 trading hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SCR. TD Securities lifted 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 report on Friday, November 7th. National Bankshares upgraded shares of Strathcona Resources from a “sector perform” rating to an “outperform” rating and lowered their price target for the company from C$36.00 to C$32.00 in a research note on Friday, January 9th. Natl Bk Canada raised shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Jefferies Financial Group decreased their price objective on Strathcona Resources from C$29.00 to C$26.00 in a report on Tuesday, January 20th. Finally, ATB Capital lowered their target price on Strathcona Resources from C$42.00 to C$32.00 in a research report on Tuesday, December 23rd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$32.43.

Strathcona Resources Stock Up 2.3%

The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The firm’s 50 day moving average price is C$31.99 and its two-hundred day moving average price is C$35.47. The company has a market capitalization of C$5.95 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of -2.02 and a beta of 2.61.

Strathcona Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, December 5th. Strathcona Resources’s dividend payout ratio 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.