Suncor Energy (TSE:SU) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Suncor Energy Inc. (TSE:SU) (NYSE:SU) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$52.93 and traded as high as C$54.38. Suncor Energy shares last traded at C$54.11, with a volume of 1,969,151 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SU shares. Scotiabank decreased their target price on Suncor Energy from C$61.00 to C$60.00 in a research report on Friday, July 12th. Jefferies Financial Group cut their price objective on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. Royal Bank of Canada cut their target price on Suncor Energy from C$67.00 to C$64.00 in a report on Tuesday, September 17th. National Bankshares lowered their price target on Suncor Energy from C$77.00 to C$73.00 in a research report on Friday, September 27th. Finally, Desjardins lifted their target price on Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$60.46.

Suncor Energy Stock Performance

The stock has a market capitalization of C$67.78 billion, a PE ratio of 9.17, a PEG ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The company’s 50-day moving average price is C$53.06 and its 200 day moving average price is C$52.93.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.21. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. The company had revenue of C$13.04 billion for the quarter, compared to the consensus estimate of C$11.59 billion. On average, equities research analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insider Activity

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Corporate insiders own 0.01% of the company’s stock.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.