Suncor Energy (TSE:SU – Free Report) (NYSE:SU) had its price objective lifted by Raymond James Financial from C$103.00 to C$109.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other equities analysts have also issued reports on the company. TD raised their price objective on Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Desjardins set a C$107.00 price target on Suncor Energy and gave the stock a “buy” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. boosted their price objective on Suncor Energy from C$105.00 to C$106.00 in a research note on Tuesday, May 12th. Gerdes Energy Research cut Suncor Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Finally, BMO Capital Markets increased their price objective on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$97.19.
Check Out Our Latest Analysis on Suncor Energy
Suncor Energy Trading Down 2.6%
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The firm had revenue of C$17.50 billion for the quarter. On average, equities analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal year.
Suncor Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is 44.49%.
About Suncor Energy
Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.
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