Suncor Energy (TSE:SU) Share Price Crosses Above 200 Day Moving Average - What's Next?

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$53.71 and traded as high as C$56.66. Suncor Energy shares last traded at C$54.99, with a volume of 12,944,349 shares.

Analyst Ratings Changes

Several research analysts recently weighed in on SU shares. National Bankshares increased their target price on Suncor Energy from C$65.00 to C$68.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Desjardins raised Suncor Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target on Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Raymond James lifted their price target on Suncor Energy from C$57.00 to C$58.00 and gave the stock a "market perform" rating in a research note on Friday. Finally, UBS Group lifted their price target on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$62.54.

Suncor Energy Stock Performance

The stock has a market cap of C$72.02 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The stock's 50-day simple moving average is C$53.97 and its two-hundred day simple moving average is C$53.75.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, beating analysts' consensus estimates of C$1.10 by C$0.38. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. During the same quarter last year, the company earned $1.52 earnings per share. Analysts forecast that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 4.02%. This is a boost from Suncor Energy's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy's dividend payout ratio is currently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Shelley Powell sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were 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 that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. 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.