Suncor Energy (TSE:SU) (NYSE:SU) had its target price cut by Royal Bank of Canada from C$53.00 to C$50.00 in a research report released on Thursday, BayStreet.CA reports.
Several other analysts have also issued reports on SU. Raymond James restated a buy rating and issued a $21.00 price objective on shares of Colfax in a report on Thursday, May 2nd. CIBC restated a hold rating and issued a $2.50 price objective on shares of Advantage Oil & Gas in a report on Thursday. National Bank Financial boosted their price objective on shares of Vermilion Energy from C$35.00 to C$36.00 and gave the company an outperform rating in a report on Tuesday, July 16th. Evercore lowered shares of Suncor Energy from an outperform rating to an in-line rating and cut their price target for the stock from C$58.00 to C$54.00 in a research note on Wednesday, April 3rd. Finally, Evercore ISI lowered shares of Suncor Energy from an outperform rating to an in-line rating and cut their price target for the stock from C$58.00 to C$54.00 in a research note on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Suncor Energy currently has a consensus rating of Buy and an average price target of C$54.47.
Shares of SU opened at C$40.69 on Thursday. The stock has a market cap of $64.21 billion and a price-to-earnings ratio of 16.53. Suncor Energy has a 12-month low of C$35.53 and a 12-month high of C$55.47. The firm has a 50-day moving average of C$41.31. The company has a debt-to-equity ratio of 43.32, a quick ratio of 0.55 and a current ratio of 0.88.
Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.51 by C$0.26. The company had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$9.37 billion. As a group, research analysts anticipate that Suncor Energy will post 3.4399998 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 25th were paid a dividend of $0.42 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.13%. Suncor Energy’s dividend payout ratio (DPR) is presently 60.93%.
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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