Suncor Energy (TSE:SU) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's share price 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.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. 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 research report on Wednesday, May 7th. Desjardins lowered their price target 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 Thursday, May 8th. Finally, Wells Fargo & Company lifted their price target on shares of Suncor Energy from C$59.00 to C$60.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$62.67.

Suncor Energy Price Performance

The business's fifty day simple moving average is C$51.03 and its 200-day simple moving average is C$52.25. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The firm has a market cap of C$67.53 billion, a P/E ratio of 8.50, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.23%. Suncor Energy's dividend payout ratio (DPR) is currently 34.42%.

Insiders Place Their Bets

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