Suncor Energy (TSE:SU) Stock Passes Below 200-Day Moving Average - Time to Sell?

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$53.07 and traded as low as C$52.72. Suncor Energy shares last traded at C$52.95, with a volume of 7,091,945 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SU shares. Raymond James reduced their price target on Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. Royal Bank of Canada increased their target price on Suncor Energy from C$64.00 to C$66.00 in a report on Thursday, November 14th. Scotiabank raised their price target on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Wells Fargo & Company cut their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Finally, TD Securities raised their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$61.89.

Suncor Energy Stock Up 3.9 %

The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The firm has a 50 day moving average of C$53.63 and a 200 day moving average of C$53.07. The firm has a market cap of C$69.90 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Suncor Energy's previous quarterly dividend of $0.55. Suncor Energy's payout ratio is presently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Shelley Powell sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. Corporate 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.