Several other analysts have also recently issued reports on the stock. Cormark dropped their price objective on shares of Suncor Energy from C$38.00 to C$35.00 in a research note on Friday, July 17th. Citigroup raised their target price on shares of Suncor Energy from C$28.00 to C$31.00 in a research note on Wednesday, June 24th. Scotiabank raised shares of Suncor Energy from a sector perform rating to an outperform rating in a research note on Thursday, June 11th. TD Securities decreased their target price on shares of Suncor Energy from C$34.00 to C$32.00 and set a buy rating on the stock in a research note on Wednesday, September 9th. Finally, Tudor Pickering & Holt set a C$25.00 target price on shares of Suncor Energy and gave the stock a buy rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of C$30.53.
Shares of SU opened at C$17.96 on Monday. The stock has a 50 day moving average price of C$21.01 and a 200 day moving average price of C$23.05. Suncor Energy has a one year low of C$14.02 and a one year high of C$45.12. The company has a debt-to-equity ratio of 59.92, a quick ratio of 0.61 and a current ratio of 1.02. The stock has a market capitalization of $27.39 billion and a price-to-earnings ratio of -5.07.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.68%. Suncor Energy’s dividend payout ratio is currently -42.77%.
Suncor Energy Company Profile
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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