Strathcona Resources (TSE:SCR) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Strathcona Resources Ltd. (TSE:SCR)’s share price 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.

Wall Street Analysts Forecast Growth

SCR has been the topic of several research reports. TD Securities upped 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. Royal Bank Of Canada dropped their price target on Strathcona Resources from C$40.00 to C$35.00 and set a “moderate buy” rating on the stock in a research note on Tuesday, January 13th. ATB Capital cut their price target on Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Jefferies Financial Group reduced their price objective on Strathcona Resources from C$29.00 to C$26.00 in a research note on Tuesday, January 20th. Finally, Natl Bk Canada raised Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.43.

Strathcona Resources Trading Up 1.0%

The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 56.06. The firm has a 50 day moving average price of C$32.28 and a 200 day moving average price of C$35.49. The stock has a market capitalization of C$5.87 billion, a PE ratio of 5.35, a P/E/G ratio of -2.02 and a beta of 2.61.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.30 per share. The ex-dividend date 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.