Strathcona Resources (TSE:SCR) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Strathcona Resources Ltd. (TSE:SCR) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$42.27 and traded as low as C$42.01. Strathcona Resources shares last traded at C$42.91, with a volume of 249,652 shares trading hands.

Wall Street Analysts Forecast Growth

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

Strathcona Resources Trading Down 1.4%

The firm has a market cap of C$9.07 billion, a P/E ratio of 10.74, a P/E/G ratio of -2.02 and a beta of 2.61. The business’s 50-day moving average is C$42.34 and its two-hundred day moving average is C$41.36. The company has a current ratio of 0.43, a quick ratio of 11.09 and a debt-to-equity ratio of 43.82.

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

Strathcona Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 21st will be given a $0.30 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.20 annualized dividend and a yield of 2.8%. Strathcona Resources’s payout ratio is 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.