Suncor Energy (TSE:SU) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$52.37 and traded as high as C$54.15. Suncor Energy shares last traded at C$53.56, with a volume of 3,372,585 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on SU. Desjardins dropped their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group lifted their price objective on shares of Suncor Energy from C$48.00 to C$53.00 in a research note on Monday. Wells Fargo & Company lifted their price objective on shares of 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. TD Securities dropped their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Raymond James Financial lifted their price objective 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. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$62.00.

Suncor Energy Trading Down 0.7%

The firm has a market cap of C$66.86 billion, a PE ratio of 8.42, a P/E/G ratio of 0.15 and a beta of 1.47. The company's fifty day moving average price is C$51.72 and its two-hundred day moving average price is C$52.38. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Wednesday, June 4th. Suncor Energy's dividend payout ratio is currently 34.42%.

Insider Transactions at Suncor Energy

In related news, Director Russell Girling acquired 10,000 shares of the firm's stock in a transaction that occurred 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 business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of C$55.99, for a total transaction of C$1,432,478.57. 0.01% of the stock is currently owned by 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.