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.
View Our Latest Stock Report on Suncor Energy
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
(
Get Free Report)
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.
See Also
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.