Suncor Energy (TSE:SU) Share Price Crosses Above 200 Day Moving Average - What's Next?

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$52.96 and traded as high as C$56.42. Suncor Energy shares last traded at C$55.42, with a volume of 4,997,184 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SU shares. Desjardins lifted their target price on shares of Suncor Energy from C$64.00 to C$65.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. ATB Capital boosted their price objective on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Scotiabank boosted their price objective on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 6th. National Bankshares boosted their price objective on shares of Suncor Energy from C$65.00 to C$68.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, TD Securities boosted their price objective on shares of Suncor Energy from C$62.00 to C$63.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$63.58.

Suncor Energy Price Performance

The company has a market cap of C$68.03 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.15 and a beta of 0.76. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The firm's fifty day moving average is C$56.49 and its two-hundred day moving average is C$52.96.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last issued its earnings results on Tuesday, August 5th. The company reported C$0.71 earnings per share for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. As a group, analysts anticipate 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 Thursday, September 25th. Investors of record on Thursday, September 25th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.28 annualized dividend and a yield of 4.1%. Suncor Energy's dividend payout ratio is currently 49.67%.

Insider Buying and Selling

In other Suncor Energy news, insider Shelley Powell sold 30,000 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$58.06, for a total value of C$1,741,650.00. Following the sale, the insider owned 27,705 shares in the company, valued at C$1,608,413.78. The trade was a 51.99% decrease in their position. Also, insider David Jason Oldreive sold 4,542 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of C$57.50, for a total transaction of C$261,165.00. Insiders have sold a total of 139,542 shares of company stock worth $8,052,015 in the last three months. Corporate insiders own 0.01% of the company's stock.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.

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