Suncor Energy (TSE:SU) Shares Cross Below 200-Day Moving Average - Should You Sell?

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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

A number of brokerages have issued reports on SU. Scotiabank raised their price target on Suncor Energy from C$57.00 to C$60.00 in a research note on Friday. TD Securities cut their price objective on 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. 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 report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company boosted their price objective on Suncor Energy from C$59.00 to C$60.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$62.50.

Suncor Energy Price Performance

The company has a market capitalization 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 business has a 50 day moving average price of C$51.23 and a 200-day moving average price of C$52.29. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59.

Suncor Energy Announces Dividend

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

Insider Activity

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the company's stock in a transaction dated 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. Also, Director Russell Girling acquired 10,000 shares of the stock in a transaction dated Friday, June 6th. The shares were bought at an average price of C$50.41 per share, with a total value of C$504,100.00. Company 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.