Suncor Energy (TSE:SU) Given New C$30.00 Price Target at Wells Fargo & Company

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective decreased by Wells Fargo & Company from C$31.00 to C$30.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

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.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Wednesday, July 22nd. The company reported C($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.60) by C($0.38). The business had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$5.62 billion. On average, analysts predict that Suncor Energy will post 0.66 earnings per share for the current year.

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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Analyst Recommendations for Suncor Energy (TSE:SU)

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