Suncor Energy (TSE:SU) Share Price Passes 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 Wednesday . The stock has a two hundred day moving average of C$52.98 and traded as high as C$53.50. Suncor Energy shares last traded at C$52.95, with a volume of 2,664,044 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SU. Scotiabank decreased their target price on shares of Suncor Energy from C$61.00 to C$60.00 in a research note on Friday, July 12th. Wolfe Research raised Suncor Energy to a "strong-buy" rating in a research report on Thursday, July 18th. Desjardins upped their price objective on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a "hold" rating in a research report on Tuesday, July 23rd. Raymond James set a C$52.00 target price on shares of Suncor Energy in a report on Tuesday, October 15th. Finally, National Bankshares dropped their price target on Suncor Energy from C$77.00 to C$73.00 in a research report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$60.46.

Suncor Energy Stock Performance

The stock has a 50-day moving average of C$52.75 and a 200-day moving average of C$52.98. 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 firm has a market cap of C$66.75 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.06 by C$0.21. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. The firm had revenue of C$13.04 billion during the quarter, compared to the consensus estimate of C$11.59 billion. As a group, analysts anticipate that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.15%. Suncor Energy's dividend payout ratio (DPR) is 37.46%.

Insider Buying and Selling at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Insiders own 0.01% of the company's stock.

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.