Other analysts also recently issued research reports about the stock. 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. AltaCorp Capital downgraded shares of Suncor Energy from an outperform rating to a sector perform rating in a report on Friday, July 28th. TD Securities lowered their target price on shares of Suncor Energy from C$46.00 to C$45.00 and set a buy rating on the stock in a report on Thursday, July 27th. Finally, National Bank Financial reaffirmed an outperfrom under weight rating on shares of Suncor Energy in a report on Monday, June 26th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Suncor Energy presently has a consensus rating of Buy and a consensus target price of C$48.83.
Suncor Energy (TSE:SU) opened at 42.06 on Tuesday. The firm has a 50-day moving average of $41.49 and a 200 day moving average of $40.81. Suncor Energy has a 12-month low of $36.09 and a 12-month high of $44.90. The stock has a market capitalization of $69.79 billion and a price-to-earnings ratio of 26.03.
Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Wednesday, July 26th. The company reported C$0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.23 by C($0.11). Suncor Energy had a net margin of 6.00% and a return on equity of 3.86%. The firm had revenue of C$7.26 billion during the quarter, compared to analyst estimates of C$7.41 billion. On average, analysts predict that Suncor Energy will post $1.28 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, September 1st.
In related news, insider Michael Roderick Macsween sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of C$43.00, for a total value of C$860,000.00. Also, insider Steven Walter Williams bought 1,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average price of C$39.39 per share, with a total value of C$39,390.00.
Suncor Energy Company Profile
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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