Suncor Energy (TSE:SU) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$77.79 and traded as high as C$83.48. Suncor Energy shares last traded at C$83.39, with a volume of 8,153,140 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD boosted their price target on shares of Suncor Energy from C$91.00 to C$113.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Scotia lifted their price objective on shares of Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Wells Fargo & Company lifted their price objective on shares of Suncor Energy from C$74.00 to C$97.00 in a research note on Wednesday, April 1st. Finally, Royal Bank Of Canada lifted their price objective on shares of Suncor Energy from C$89.00 to C$100.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$93.13.

Suncor Energy Stock Performance

The stock has a market cap of C$93.74 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 0.15 and a beta of 0.14. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42. The stock’s 50-day simple moving average is C$88.77 and its two-hundred day simple moving average is C$78.04.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share for the quarter. The firm had revenue of C$14.48 billion during the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. 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 will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. Suncor Energy’s payout ratio is currently 44.49%.

Suncor Energy Company Profile

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.