Suncor Energy (TSE:SU) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

by · The Cerbat Gem

Suncor Energy Inc. (TSE:SU – Get Free Report) (NYSE:SU)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$52.93 and traded as high as C$54.38. Suncor Energy shares last traded at C$54.11, with a volume of 1,969,151 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on SU shares. Royal Bank of Canada cut their price target on Suncor Energy from C$67.00 to C$64.00 in a report on Tuesday, September 17th. Wolfe Research raised Suncor Energy to a “strong-buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group reduced their price target on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. TD Securities increased their price target on Suncor Energy from C$59.00 to C$60.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Scotiabank decreased their price target on Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$60.46.

View Our Latest Stock Report on SU

Suncor Energy Trading Down 0.0 %

The business’s 50-day simple moving average is C$53.06 and its two-hundred day simple moving average is C$52.93. 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 market capitalization of C$67.78 billion, a price-to-earnings ratio of 9.17, a PEG 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 for the quarter, topping the consensus estimate of C$1.06 by C$0.21. The business had revenue of C$13.04 billion during the quarter, compared to the consensus estimate of C$11.59 billion. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. Equities analysts forecast that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were issued a $0.545 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 4.08%. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s 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. Corporate insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

(Get Free Report)

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.

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