Suncor Energy (TSE:SU) Stock Crosses Above 200 Day Moving Average of $42.22

Suncor Energy Inc. (TSE:SU) (NYSE:SU) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.22 and traded as high as C$45.51. Suncor Energy shares last traded at C$44.10, with a volume of 9,235,985 shares changing hands.

Analysts Set New Price Targets

SU has been the topic of several research reports. TD Securities cut Suncor Energy from a “buy” rating to a “hold” rating and upped their price target for the company from C$49.00 to C$52.00 in a report on Thursday, September 28th. National Bank Financial boosted their target price on shares of Suncor Energy from C$57.00 to C$74.00 in a research note on Thursday, October 12th. Jefferies Financial Group boosted their target price on shares of Suncor Energy from C$47.00 to C$50.00 and gave the company a “hold” rating in a research note on Monday, October 23rd. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Tuesday, October 10th. Finally, Desjardins downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and boosted their target price for the company from C$48.00 to C$49.00 in a research note on Monday, September 18th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$55.72.

Suncor Energy Trading Down 4.2 %

The company has a debt-to-equity ratio of 41.66, a current ratio of 1.18 and a quick ratio of 0.83. The company’s 50 day moving average is C$46.10 and its two-hundred day moving average is C$42.24. The firm has a market cap of C$57.33 billion, a P/E ratio of 9.52, a PEG ratio of 0.15 and a beta of 1.60.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Monday, August 14th. The company reported C$0.96 earnings per share for the quarter, beating the consensus estimate of C$0.78 by C$0.18. Suncor Energy had a net margin of 11.55% and a return on equity of 15.05%. The business had revenue of C$11.72 billion during the quarter, compared to analysts’ expectations of C$10.49 billion. On average, sell-side analysts predict that Suncor Energy Inc. will post 6.6826087 earnings per share for the current year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 25th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.72%. The ex-dividend date was Thursday, August 31st. Suncor Energy’s dividend payout ratio (DPR) is presently 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.