Suncor Energy (TSE:SU) Stock Passes Below 200 Day Moving Average – Should You Sell?

Suncor Energy Inc. (TSE:SU) (NYSE:SU) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$53.06 and traded as low as C$50.44. Suncor Energy shares last traded at C$50.86, with a volume of 12,475,132 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SU shares. Raymond James cut their price objective on Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a report on Monday, November 25th. Wells Fargo & Company decreased their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Jefferies Financial Group cut their target price on shares of Suncor Energy from C$62.00 to C$54.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, UBS Group increased their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$61.89.

Suncor Energy Stock Up 0.5 %

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 company has a fifty day simple moving average of C$53.86 and a 200 day simple moving average of C$53.07. The firm has a market capitalization of C$64.59 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were issued a $0.57 dividend. The ex-dividend date was Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 4.48%. Suncor Energy’s payout ratio is 37.46%.

Insider Activity at Suncor Energy

In related news, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. 0.01% of the stock is currently owned by insiders.

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.