Suncor Energy (SU) Stock Rating Lowered by Evercore ISI

Evercore ISI cut shares of Suncor Energy (TSE:SU) (NYSE:SU) from an outperform rating to an in-line rating in a report issued on Wednesday, Stock Target Advisor reports. Evercore ISI currently has C$54.00 price target on the stock, down from their prior price target of C$58.00.

SU has been the subject of a number of other reports. Cormark lowered their price target on Suncor Energy from C$60.00 to C$52.00 in a report on Monday, December 17th. Raymond James reissued an outperform rating and set a C$59.00 price objective on shares of Suncor Energy in a report on Monday, December 17th. Barclays reduced their price objective on shares of Suncor Energy from C$68.00 to C$61.00 in a research report on Thursday, January 10th. National Bank Financial lowered their target price on shares of Suncor Energy from C$67.00 to C$51.00 and set an outperform rating for the company in a report on Monday, December 10th. Finally, CIBC increased their target price on shares of Suncor Energy from C$52.00 to C$53.00 in a research report on Thursday, February 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of C$55.25.

Shares of TSE SU opened at C$44.50 on Wednesday. The stock has a market cap of $70.22 billion and a price-to-earnings ratio of 22.03. Suncor Energy has a 1 year low of C$35.53 and a 1 year high of C$55.47. The company has a quick ratio of 0.52, a current ratio of 0.84 and a debt-to-equity ratio of 39.43.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, February 5th. The company reported C$0.36 EPS for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.20). The firm had revenue of C$8.95 billion during the quarter, compared to analyst estimates of C$10.82 billion. On average, equities research analysts expect that Suncor Energy will post 3.22999994919101 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were issued a $0.42 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, March 1st. Suncor Energy’s dividend payout ratio is presently 83.17%.

In other news, Senior Officer Michael Roderick Macsween sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of C$42.89, for a total value of C$1,072,250.00. Also, Senior Officer Steven Walter Williams sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of C$43.36, for a total transaction of C$1,300,800.00. Following the completion of the sale, the insider now directly owns 465,102 shares of the company’s stock, valued at C$20,166,822.72.

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.

See Also: Cost of Equity

Analyst Recommendations for Suncor Energy (TSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.