Suncor Energy (TSE:SU) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$52.94 and traded as low as C$49.73. Suncor Energy shares last traded at C$49.86, with a volume of 7,524,027 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SU. Desjardins decreased 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 Thursday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. TD Securities reduced their target price 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. Finally, National Bankshares raised their price target on Suncor Energy from C$65.00 to C$68.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Five equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$62.58.

Suncor Energy Stock Down 0.8%

The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The company has a market cap of C$62.54 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The firm's 50 day moving average price is C$50.18 and its 200-day moving average price is C$52.94.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's payout ratio is 34.42%.

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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