Suncor Energy (TSE:SU) Shares Cross Above 200 Day Moving Average – Should You Sell?

Suncor Energy Inc. (TSE:SU) (NYSE:SU) shares crossed 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 changing hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SU. Desjardins increased their price target on Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. TD Securities lifted their price objective on shares of Suncor Energy from C$59.00 to C$60.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Scotiabank decreased their price target on shares of Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.04.

Suncor Energy Stock Performance

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 has a market cap of C$68.06 billion, a PE ratio of 9.21, a PEG ratio of 0.15 and a beta of 1.49. The company’s 50-day moving average price is C$52.85 and its two-hundred day moving average price is C$52.56.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.21. The company had revenue of C$13.04 billion for the quarter, compared to analysts’ expectations of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. On average, equities research analysts forecast that Suncor Energy Inc. will post 4.2557377 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a dividend of $0.545 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 annualized dividend and a dividend yield of 4.07%. Suncor Energy’s dividend payout ratio is presently 37.46%.

Insider Buying and Selling

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

About Suncor Energy

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.