Strathcona Resources (TSE:SCR) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Strathcona Resources Ltd. (TSE:SCR) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$39.18 and traded as low as C$38.43. Strathcona Resources shares last traded at C$38.44, with a volume of 1,047,787 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. National Bank Financial dropped their target price on shares of Strathcona Resources from C$63.00 to C$62.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 20th. ATB Cormark Capital Markets raised their price target on shares of Strathcona Resources from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$45.00.

Strathcona Resources Stock Down 10.3%

The company has a 50 day moving average price of C$42.03 and a two-hundred day moving average price of C$39.18. The company has a debt-to-equity ratio of 43.82, a current ratio of 0.43 and a quick ratio of 11.09. The stock has a market cap of C$8.24 billion, a PE ratio of 9.76, a PEG ratio of -2.02 and a beta of -0.16.

Strathcona Resources (TSE:SCR) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%. The firm had revenue of C$1.40 billion for the quarter. Analysts expect that Strathcona Resources Ltd. will post 2.85 EPS for the current year.

Strathcona Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 21st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, September 11th. Strathcona Resources’s dividend payout ratio (DPR) is presently 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.