Suncor Energy (TSE:SU) Shares Pass Below 200 Day Moving Average - Here's What Happened

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$52.19 and traded as low as C$50.97. Suncor Energy shares last traded at C$51.01, with a volume of 8,587,372 shares trading hands.

Wall Street Analyst Weigh In

SU has been the subject of several research analyst reports. TD Securities lowered their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Wells Fargo & Company upped their price objective 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. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Raymond James Financial lifted 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 report 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$62.67.

Suncor Energy Trading Down 0.9%

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 firm has a market cap of C$63.98 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.15 and a beta of 1.47. The business has a fifty day simple moving average of C$50.60 and a 200-day simple moving average of C$52.19.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Wednesday, June 4th. Suncor Energy's dividend payout ratio is currently 34.42%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 25,585 shares of Suncor Energy 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 transaction of C$1,432,478.57. Also, Director Russell Girling purchased 10,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of C$50.41 per share, with a total value of C$504,100.00. 0.01% of the stock is owned by company 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.

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