Suncor Energy (TSE:SU) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$52.24 and traded as low as C$51.58. Suncor Energy shares last traded at C$53.12, with a volume of 6,348,174 shares.

Wall Street Analyst Weigh In

Several brokerages recently commented on SU. Desjardins decreased their target price on shares of Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. TD Securities dropped their target price on shares of Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price target on shares of Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company boosted their target price on Suncor Energy from C$59.00 to C$60.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, Scotiabank boosted their target price on Suncor Energy from C$57.00 to C$60.00 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$62.50.

Suncor Energy Stock Performance

The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. The firm has a market cap of C$68.82 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.15 and a beta of 1.47. The firm has a fifty day simple moving average of C$51.12 and a two-hundred day simple moving average of C$52.26.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is presently 34.42%.

Insider Buying and Selling

In other news, Director Russell Girling purchased 10,000 shares of the stock in a transaction dated Friday, June 6th. The shares were purchased at an average cost of C$50.41 per share, with a total value of C$504,100.00. Also, Senior Officer Jacqueline Sue Moore sold 25,585 shares of Suncor Energy stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of C$55.99, for a total value of C$1,432,478.57. 0.01% of the stock is owned by insiders.

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.