Strathcona Resources (TSE:SCR) Stock Price Passes Below Fifty Day Moving Average - Should You Sell?

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$29.12 and traded as low as C$26.87. Strathcona Resources shares last traded at C$27.04, with a volume of 19,846 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Atb Cap Markets lowered shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Scotiabank increased their price target on Strathcona Resources from C$35.00 to C$37.00 in a research report on Friday, November 15th. Jefferies Financial Group boosted their price objective on Strathcona Resources from C$30.00 to C$32.00 in a research report on Monday, December 16th. CIBC upped their price objective on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, January 17th. Finally, Royal Bank of Canada reduced their price target on shares of Strathcona Resources from C$36.00 to C$35.00 in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$35.88.

Strathcona Resources Trading Up 2.9 %

The stock has a market capitalization of C$6.04 billion and a P/E ratio of 16.28. The business has a 50 day simple moving average of C$28.96 and a 200-day simple moving average of C$29.26. The company has a debt-to-equity ratio of 56.06, a quick ratio of 11.09 and a current ratio of 0.53.

Strathcona Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 3.54%. Strathcona Resources's dividend payout ratio is currently 57.67%.

Insiders Place Their Bets

In other Strathcona Resources news, Director Connie De Ciancio purchased 3,358 shares of the firm's stock in a transaction on Tuesday, December 24th. The shares were purchased at an average price of C$28.77 per share, for a total transaction of C$96,609.66. Also, Senior Officer Pit Kim Chiu purchased 1,600 shares of the company's stock in a transaction on Friday, December 20th. The stock was bought at an average cost of C$28.05 per share, for a total transaction of C$44,887.04. Over the last three months, insiders have acquired 11,648 shares of company stock worth $351,865. 91.34% of the stock is owned by corporate insiders.

About Strathcona Resources

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.