Strathcona Resources (TSE:SCR) Sets New 52-Week Low - Time to Sell?

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as C$22.75 and last traded at C$23.22, with a volume of 7424 shares changing hands. The stock had previously closed at C$23.39.

Wall Street Analyst Weigh In

Several analysts recently commented on SCR shares. Royal Bank of Canada dropped their price target on Strathcona Resources from C$35.00 to C$34.00 and set a "sector perform" rating for the company in a research report on Thursday, March 6th. Jefferies Financial Group upped their target price on shares of Strathcona Resources from C$30.00 to C$32.00 in a report on Monday, December 16th. Atb Cap Markets downgraded shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Scotiabank raised shares of Strathcona Resources to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, TD Securities decreased their target price on shares of Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$35.00.

Strathcona Resources Stock Performance

The firm has a market cap of C$5.20 billion and a PE ratio of 14.03. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53. The firm's 50 day moving average price is C$26.95 and its two-hundred day moving average price is C$28.48.

Strathcona Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.26 per share. This is a boost from Strathcona Resources's previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 21st. This represents a $1.04 annualized dividend and a yield of 4.28%. Strathcona Resources's dividend payout ratio (DPR) is 57.67%.

Insider Activity

In other news, Senior Officer Allan Grabas acquired 8,802 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of C$27.47 per share, for a total transaction of C$241,790.94. Corporate insiders own 91.34% of the company's stock.

Strathcona Resources Company Profile

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.