Suncor Energy (TSE:SU) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$61.52 and traded as high as C$77.77. Suncor Energy shares last traded at C$76.70, with a volume of 6,608,783 shares traded.

Key Headlines Impacting Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: U.S. Supreme Court agreed to hear an appeal by ExxonMobil and Suncor seeking to block or move dozens of state and municipal climate suits — a ruling that, if the Court narrows state-court liability or removes cases, could materially reduce potential damages and long-term legal risk for Suncor. In Boulder climate case, U.S. Supreme Court will hear energy companies’ plea to block state court action
• Positive Sentiment: Coverage highlights Suncor’s continued share buybacks and strategic industrial shifts; buybacks support EPS and provide direct support to the stock while management adjusts capital allocation amid higher cash flows. Suncor Buybacks And Industrial Shift Tested Against Valuation And Earnings
• Neutral Sentiment: Analyst/market commentary questions whether recent multi‑year share-price gains already price in Suncor’s fundamentals — highlighting stronger multiples versus historical averages and leaving valuation as a watch item for new buyers. Is Suncor Energy (TSX:SU) Pricing Reflect Its Strong Multi Year Share Price Performance
• Negative Sentiment: Although the Supreme Court review can be favorable long term, the move injects near‑term legal and headline risk — additional litigation rulings, delay/uncertainty, and possible adverse outcomes remain possible and could increase volatility or lead to reserve/cost disclosures. Supreme Court takes up fossil fuel giants’ bid to skirt climate change lawsuit

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SU shares. National Bank Financial lifted their price objective on Suncor Energy from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. UBS Group lifted their price target on Suncor Energy from C$61.00 to C$65.00 in a research note on Wednesday, November 5th. TD Securities boosted their price objective on Suncor Energy from C$74.00 to C$81.00 in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their target price on shares of Suncor Energy from C$59.00 to C$64.00 in a report on Thursday, November 6th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Suncor Energy from C$65.00 to C$70.00 in a research note on Thursday, November 27th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$72.79.

Suncor Energy Trading Down 0.5%

The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The stock has a market capitalization of C$91.54 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 0.15 and a beta of 0.89. The stock has a 50-day moving average price of C$68.12 and a two-hundred day moving average price of C$61.52.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. On average, research analysts forecast that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.57. Suncor Energy’s dividend payout ratio is 47.63%.

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