Suncor Energy (TSE:SU) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$52.26 and traded as high as C$56.33. Suncor Energy shares last traded at C$55.99, with a volume of 8,156,171 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SU shares. Raymond James Financial raised their target price on shares of 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. Jefferies Financial Group raised their price objective on Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Scotiabank upgraded Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Finally, TD Securities reduced their price target on 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. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$62.58.

Suncor Energy Stock Performance

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$70.22 billion, a PE ratio of 8.84, a PEG ratio of 0.15 and a beta of 1.47. The company has a 50 day moving average price of C$49.51 and a 200 day moving average price of C$52.26.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $2.28 annualized dividend and a dividend yield of 4.07%. Suncor Energy's payout ratio is 34.42%.

Insider Buying and Selling

In other news, Director Russell Girling purchased 10,000 shares of the company's stock in a transaction that occurred on 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. Insiders own 0.01% of the company's stock.

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.

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