Suncor Energy (TSE:SU) Stock Passes Above Two Hundred Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemSuncor 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
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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