Suncor Energy (TSE:SU) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$78.52 and traded as high as C$80.42. Suncor Energy shares last traded at C$80.28, with a volume of 6,659,210 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD upped their price target on Suncor Energy from C$91.00 to C$113.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. lifted their price objective on Suncor Energy from C$105.00 to C$106.00 in a research report on Tuesday, May 12th. Royal Bank Of Canada boosted their price objective on Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. National Bank Financial upped their target price on shares of Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Finally, TD Securities raised their target price on shares of Suncor Energy from C$81.00 to C$91.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$93.12.

Suncor Energy Stock Up 1.0%

The firm’s 50-day simple moving average is C$87.92 and its 200 day simple moving average is C$78.52. The company has a market cap of C$94.79 billion, a P/E ratio of 15.26, a PEG ratio of 0.15 and a beta of 0.14. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share for the quarter. Suncor Energy had a return on equity of 14.01% and a net margin of 12.17%.The company had revenue of C$14.48 billion for the quarter. On average, research analysts forecast that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 25th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s dividend payout ratio is currently 44.49%.

About Suncor Energy

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.