SU has been the subject of several other reports. National Bank Financial set a C$51.00 target price on shares of Suncor Energy and gave the company an outperform rating in a report on Tuesday, June 27th. TD Securities lowered their target price on shares of Suncor Energy from C$46.00 to C$45.00 and set a buy rating for the company in a report on Thursday, July 27th. J P Morgan Chase & Co lifted their target price on shares of Suncor Energy from C$39.00 to C$42.00 in a report on Thursday, September 14th. Finally, AltaCorp Capital lowered shares of Suncor Energy from an outperform rating to a sector perform rating in a report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$48.83.
Shares of Suncor Energy (TSE SU) opened at 43.24 on Tuesday. Suncor Energy has a 52 week low of $36.09 and a 52 week high of $44.90. The stock has a market capitalization of $71.75 billion and a P/E ratio of 26.76. The stock has a 50 day moving average price of $41.29 and a 200 day moving average price of $40.78.
Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Wednesday, July 26th. The company reported C$0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.23 by C($0.11). The firm had revenue of C$7.26 billion for the quarter, compared to the consensus estimate of C$7.41 billion. Suncor Energy had a net margin of 6.00% and a return on equity of 3.86%. On average, equities research analysts expect that Suncor Energy will post $1.28 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Tuesday, September 5th were issued a $0.32 dividend. The ex-dividend date was Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a yield of 2.96%.
In other news, Director Jacynthe Cote acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was bought at an average cost of C$41.78 per share, for a total transaction of C$83,560.00. Also, insider Michael Roderick Macsween sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of C$43.00, for a total transaction of C$860,000.00.
About Suncor Energy
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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