Strathcona Resources (TSE:SCR) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Strathcona Resources Ltd. (TSE:SCR - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$29.74 and traded as low as C$26.98. Strathcona Resources shares last traded at C$27.31, with a volume of 25,904 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Atb Cap Markets downgraded shares of Strathcona Resources from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. ATB Capital lifted their price target on shares of Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. CIBC increased their price objective on Strathcona Resources from C$35.00 to C$37.00 in a report on Friday, January 17th. Scotiabank boosted their target price on Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada decreased their price objective on Strathcona Resources from C$36.00 to C$35.00 in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$35.88.

Strathcona Resources Stock Down 0.6 %

The firm has a market cap of C$5.70 billion and a PE ratio of 6.19. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 50.29. The stock has a fifty day simple moving average of C$29.44 and a two-hundred day simple moving average of C$29.47.

Strathcona Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Monday, December 16th. Strathcona Resources's dividend payout ratio (DPR) is presently 23.26%.

Insiders Place Their Bets

In other Strathcona Resources news, Senior Officer Dale George Babiak acquired 6,410 shares of the business's stock in a transaction dated Monday, January 13th. The stock was bought at an average price of C$31.50 per share, with a total value of C$201,915.00. Also, Director Navjeet Dhillon acquired 3,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of C$32.56 per share, for a total transaction of C$97,668.00. Insiders have bought 14,648 shares of company stock worth $449,533 in the last three months. 91.34% of the stock is currently owned by corporate insiders.

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.