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

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$53.07 and traded as low as C$52.72. Suncor Energy shares last traded at C$52.95, with a volume of 7,091,945 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SU. Raymond James reduced their price target on shares of Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. Jefferies Financial Group decreased their target price on Suncor Energy from C$62.00 to C$54.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. UBS Group raised their price target on Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Scotiabank boosted their price objective on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company dropped their target price on shares of Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.89.

Suncor Energy Price Performance

The company has a fifty day simple moving average of C$53.63 and a two-hundred day simple moving average of C$53.07. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The company has a market capitalization of C$67.25 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 4.31%. Suncor Energy’s dividend payout ratio is 37.46%.

Insider Buying and Selling at Suncor Energy

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