Suncor Energy (TSE:SU) (NYSE:SU) had its price target cut by ATB Capital from C$39.00 to C$35.00 in a report released on Wednesday, Analyst Ratings Network reports. They currently have an outperform rating on the stock.
A number of other research firms also recently weighed in on SU. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of Suncor Energy from C$26.00 to C$27.00 and gave the stock a sector perform rating in a research report on Thursday, April 15th. Royal Bank of Canada raised their target price on Suncor Energy from C$31.00 to C$32.00 and gave the company an outperform rating in a research note on Wednesday. The Goldman Sachs Group reiterated a buy rating and issued a C$25.00 target price on shares of Suncor Energy in a research note on Thursday, April 15th. Citigroup lifted their price objective on shares of Suncor Energy from C$16.00 to C$26.00 in a research note on Friday, January 15th. Finally, BMO Capital Markets lifted their price objective on shares of Suncor Energy from C$32.00 to C$37.00 and gave the company a na rating in a research note on Monday, March 15th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Suncor Energy presently has a consensus rating of Buy and a consensus target price of C$29.72.
TSE:SU opened at C$28.66 on Wednesday. The stock has a market cap of C$43.18 billion and a PE ratio of 1,592.22. Suncor Energy has a fifty-two week low of C$14.28 and a fifty-two week high of C$29.55. The firm’s fifty day simple moving average is C$26.46 and its 200-day simple moving average is C$23.16. The company has a quick ratio of 0.64, a current ratio of 1.09 and a debt-to-equity ratio of 56.69.
Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Wednesday, February 3rd. The company reported C($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.14) by C$0.05. The business had revenue of C$6.59 billion during the quarter, compared to analysts’ expectations of C$7.26 billion. Equities analysts anticipate that Suncor Energy will post 1.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, June 4th will be issued a $0.21 dividend. The ex-dividend date is Thursday, June 3rd. This represents a $0.84 annualized dividend and a yield of 2.93%. Suncor Energy’s dividend payout ratio (DPR) is currently 4,666.67%.
About Suncor Energy
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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
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