Suncor Energy (TSE:SU) Stock Price Crosses Above 200-Day Moving Average of $41.49

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$41.49 and traded as high as C$47.14. Suncor Energy shares last traded at C$46.76, with a volume of 14,434,005 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SU shares. Jefferies Financial Group dropped their target price on Suncor Energy from C$44.00 to C$42.00 in a report on Monday, May 15th. Desjardins reduced their price target on Suncor Energy from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 16th. BMO Capital Markets downgraded Suncor Energy from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$52.00 to C$44.00 in a research note on Thursday, July 13th. UBS Group set a C$48.00 target price on Suncor Energy and gave the stock a “buy” rating in a report on Wednesday, July 12th. Finally, National Bank Financial lowered their price target on Suncor Energy from C$60.00 to C$57.00 in a report on Thursday, June 29th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$51.94.

Suncor Energy Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.83 and a debt-to-equity ratio of 41.66. The company has a market cap of C$60.79 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.15 and a beta of 1.66. The firm has a 50 day moving average of C$41.79 and a 200-day moving average of C$41.49.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Monday, August 14th. The company reported C$0.96 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.18. The company had revenue of C$11.72 billion for the quarter, compared to analyst estimates of C$10.49 billion. Suncor Energy had a net margin of 11.55% and a return on equity of 15.05%. On average, equities research analysts predict that Suncor Energy Inc. will post 5.9719029 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 25th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.08 dividend on an annualized basis and a yield of 4.45%. Suncor Energy’s dividend payout ratio is currently 44.92%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada 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. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.