Suncor Energy (TSE:SU) Shares Cross Below Two Hundred Day Moving Average of $41.86
Suncor Energy Inc. (TSE:SU) (NYSE:SU) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $41.86 and traded as low as $39.99. Suncor Energy shares last traded at $40.27, with a volume of 1,630,636 shares traded.
SU has been the topic of a number of recent analyst reports. CIBC cut their target price on Suncor Energy from C$56.00 to C$55.00 in a research report on Thursday, July 18th. TD Securities decreased their price target on Suncor Energy from C$51.00 to C$50.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. GMP Securities dropped their price target on Suncor Energy from C$43.00 to C$42.00 in a research note on Friday, July 26th. National Bank Financial cut their price objective on Suncor Energy from C$56.00 to C$55.00 and set an “outperform” rating on the stock in a report on Tuesday, July 16th. Finally, Citigroup cut their price objective on Suncor Energy from C$59.00 to C$55.00 in a report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$54.50.
The company has a market cap of $61.76 billion and a PE ratio of 11.24. The stock has a fifty day moving average price of C$38.18 and a 200-day moving average price of C$41.84. The company has a debt-to-equity ratio of 39.95, a current ratio of 0.98 and a quick ratio of 0.61.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.17%. The ex-dividend date is Tuesday, September 3rd. Suncor Energy’s dividend payout ratio is currently 43.47%.
In related news, Senior Officer Mark Stephen Little purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of C$38.07 per share, for a total transaction of C$76,140.00. Following the completion of the acquisition, the insider now owns 42,702 shares in the company, valued at approximately C$1,625,665.14.
Suncor Energy Company Profile (TSE:SU)
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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