Strathcona Resources (TSE:SCR) Sets New 52-Week Low – Should You Sell?

Shares of Strathcona Resources Ltd. (TSE:SCR) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$23.50 and last traded at C$23.56, with a volume of 22311 shares trading hands. The stock had previously closed at C$24.49.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SCR shares. Jefferies Financial Group increased their price objective on shares of Strathcona Resources from C$30.00 to C$32.00 in a research note on Monday, December 16th. Atb Cap Markets lowered Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Royal Bank of Canada dropped their price objective on Strathcona Resources from C$36.00 to C$35.00 in a research note on Tuesday, January 14th. TD Securities raised their target price on shares of Strathcona Resources from C$30.00 to C$31.00 in a research note on Friday, November 15th. Finally, ATB Capital boosted their target price on shares of Strathcona Resources from C$37.00 to C$38.00 in a report on Friday, November 15th. Three equities research 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$35.88.

Strathcona Resources Trading Down 1.9 %

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 business has a 50 day moving average of C$28.61 and a two-hundred day moving average of C$29.05. The firm has a market cap of C$5.14 billion and a P/E ratio of 13.86.

Strathcona Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Monday, December 16th. Strathcona Resources’s dividend payout ratio is presently 57.67%.

Insider Buying and Selling

In related news, Senior Officer Pit Kim Chiu acquired 1,600 shares of the business’s stock in a transaction on Friday, December 20th. The stock was purchased at an average cost of C$28.05 per share, for a total transaction of C$44,887.04. Also, Director Connie De Ciancio bought 3,358 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average cost of C$28.77 per share, for a total transaction of C$96,609.66. In the last 90 days, insiders purchased 11,648 shares of company stock valued at $351,865. Company 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.