Suncor Energy (TSE:SU) Stock Price Passes 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 Thursday . The stock has a 200-day moving average of C$80.05 and traded as high as C$83.62. Suncor Energy shares last traded at C$82.97, with a volume of 3,331,638 shares.

Analyst Ratings Changes

A number of research firms have recently commented on SU. TD Securities increased their target price on Suncor Energy from C$81.00 to C$91.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. National Bank Financial upped their price target on shares of Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Wells Fargo & Company increased their price objective on shares of Suncor Energy from C$74.00 to C$97.00 in a research report on Wednesday, April 1st. Royal Bank Of Canada lifted their price objective on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Finally, Raymond James Financial boosted their target price on shares of Suncor Energy from C$76.00 to C$93.00 in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$94.25.

Suncor Energy Trading Up 1.0%

The stock has a market cap of C$98.97 billion, a P/E ratio of 15.94, a P/E/G ratio of 0.15 and a beta of 0.17. The company has a current ratio of 1.42, a quick ratio of 0.83 and a debt-to-equity ratio of 32.36. The company has a 50-day moving average price of C$85.70 and a two-hundred day moving average price of C$80.08.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. The company had revenue of C$14.48 billion during the quarter. Suncor Energy had a return on equity of 14.01% and a net margin of 12.17%. On average, research analysts expect that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is 44.49%.

About Suncor Energy

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.