Strathcona Resources (TSE:SCR) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Strathcona Resources Ltd. (TSE:SCR)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$40.81 and traded as high as C$43.37. Strathcona Resources shares last traded at C$43.25, with a volume of 296,392 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. TD Securities upgraded shares of Strathcona Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Jefferies Financial Group upgraded shares of Strathcona Resources from a “hold” rating to a “buy” rating and upped their price target for the stock from C$45.00 to C$56.00 in a research report on Thursday, June 4th. Finally, National Bank Financial reduced their price objective on shares of Strathcona Resources from C$68.00 to C$66.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$43.00.

Strathcona Resources Trading Up 2.1%

The stock has a fifty day moving average of C$40.81 and a 200 day moving average of C$38.62. The company has a debt-to-equity ratio of 43.82, a quick ratio of 11.09 and a current ratio of 0.43. The company has a market capitalization of C$9.27 billion, a PE ratio of 10.98, a PEG ratio of -2.02 and a beta of 2.61.

Strathcona Resources (TSE:SCR) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share for the quarter. Strathcona Resources had a return on equity of 17.02% and a net margin of 19.41%.The business had revenue of C$2.73 billion during the quarter. As a group, sell-side analysts predict that Strathcona Resources Ltd. will post 2.8494405 earnings per share for the current fiscal year.

Strathcona Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, June 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Strathcona Resources’s dividend payout ratio is currently 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.