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

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 traded.

Analysts Set New Price Targets

SU has been the topic of a number of research analyst reports. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. TD Securities decreased their target price on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Desjardins decreased their target price on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company raised their target price on Suncor Energy from C$59.00 to C$60.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Raymond James Financial raised their target price on Suncor Energy from C$54.00 to C$56.00 and gave the company a "market perform" rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$62.67.

Suncor Energy Price Performance

The stock has a 50 day moving average price of C$50.93 and a two-hundred day moving average price of C$52.24. 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 company has a market capitalization of C$67.37 billion, a PE ratio of 8.48, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date was Wednesday, June 4th. Suncor Energy's payout ratio is 34.42%.

Insider Buying and Selling

In other Suncor Energy news, Director Russell Girling bought 10,000 shares of the stock in a transaction on 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. Also, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were 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 currently owned by company insiders.

About Suncor Energy

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.