Suncor Energy (TSE:SU) Stock Passes Above 200 Day Moving Average - Here's What Happened

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$52.56 and traded as high as C$54.17. Suncor Energy shares last traded at C$53.59, with a volume of 4,104,961 shares.

Analysts Set New Price Targets

Several analysts have recently weighed in on SU shares. Jefferies Financial Group cut their price objective on Suncor Energy from C$62.00 to C$55.00 and set a "hold" rating for the company in a report on Monday, September 16th. Raymond James increased their price objective on Suncor Energy from C$51.00 to C$52.00 and gave the company a "market perform" rating in a research report on Thursday, August 8th. Royal Bank of Canada decreased their target price on Suncor Energy from C$67.00 to C$64.00 in a report on Tuesday, September 17th. Scotiabank decreased their price target on Suncor Energy from C$61.00 to C$60.00 in a research report on Friday, July 12th. Finally, National Bankshares cut their price objective on Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy currently has a consensus rating of "Moderate Buy" and an average target price of C$61.04.

Suncor Energy Stock Performance

The stock's 50-day moving average price is C$52.85 and its 200 day moving average price is C$52.59. 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 company has a market cap of C$68.85 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.15 and a beta of 1.49.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, topping analysts' consensus estimates of C$1.06 by C$0.21. The business had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. As a group, research analysts expect that Suncor Energy Inc. will post 4.2557377 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a dividend of $0.545 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 annualized dividend and a yield of 4.02%. Suncor Energy's dividend payout ratio is 37.46%.

Insider Transactions at Suncor Energy

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. 0.01% of the stock is owned by insiders.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.