Strathcona Resources (TSE:SCR) Shares Cross Below Fifty Day Moving Average - Time to Sell?

Strathcona Resources Ltd. (TSE:SCR - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$26.74 and traded as low as C$25.70. Strathcona Resources shares last traded at C$25.81, with a volume of 35,849 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SCR shares. Scotiabank raised Strathcona Resources to a "strong-buy" rating in a research report on Wednesday, March 19th. TD Securities decreased their target price on Strathcona Resources from C$32.00 to C$29.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. CIBC cut their price target on Strathcona Resources from C$37.00 to C$33.00 in a report on Thursday, April 10th. Finally, Royal Bank of Canada decreased their price objective on shares of Strathcona Resources from C$35.00 to C$34.00 and set a "sector perform" rating on the stock in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$35.00.

Strathcona Resources Stock Down 0.6 %

The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06. The stock has a market cap of C$5.41 billion and a P/E ratio of 14.57. The firm has a 50-day simple moving average of C$26.64 and a two-hundred day simple moving average of C$28.33.

Strathcona Resources Increases Dividend

The business also recently disclosed 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 represents a $1.04 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Friday, March 21st. This is a positive change from Strathcona Resources's previous quarterly dividend of $0.25. Strathcona Resources's dividend payout ratio (DPR) is 57.67%.

Insider Buying and Selling

In related news, Senior Officer Allan Grabas bought 8,802 shares of the firm's stock in a transaction on Monday, March 10th. The shares were purchased at an average price of C$27.47 per share, with a total value of C$241,790.94. 91.34% of the stock is currently owned by company 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.