Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU reached a new 52-week low on Thursday . The company traded as low as $30.79 and last traded at $34.23, with a volume of 12685361 shares. The stock had previously closed at $31.54.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, April 9th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, Morgan Stanley downgraded Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.20.
Check Out Our Latest Report on Suncor Energy
Suncor Energy Trading Up 0.1 %
The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $37.09 and its two-hundred day simple moving average is $37.96. The company has a market capitalization of $41.44 billion, a PE ratio of 9.71, a PEG ratio of 2.94 and a beta of 0.79.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were given a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.76%. Suncor Energy's dividend payout ratio is presently 45.51%.
Institutional Investors Weigh In On Suncor Energy
Institutional investors have recently bought and sold shares of the stock. CHICAGO TRUST Co NA raised its position in Suncor Energy by 17.5% in the first quarter. CHICAGO TRUST Co NA now owns 11,833 shares of the oil and gas producer's stock worth $458,000 after acquiring an additional 1,765 shares in the last quarter. Park Avenue Securities LLC lifted its position in Suncor Energy by 59.3% in the 1st quarter. Park Avenue Securities LLC now owns 31,543 shares of the oil and gas producer's stock worth $1,221,000 after buying an additional 11,745 shares in the last quarter. First Financial Corp IN increased its holdings in Suncor Energy by 11.0% in the first quarter. First Financial Corp IN now owns 13,234 shares of the oil and gas producer's stock worth $512,000 after buying an additional 1,307 shares during the last quarter. Unigestion Holding SA acquired a new position in Suncor Energy during the first quarter worth $1,146,000. Finally, Merit Financial Group LLC increased its holdings in shares of Suncor Energy by 14.1% during the 1st quarter. Merit Financial Group LLC now owns 9,429 shares of the oil and gas producer's stock valued at $365,000 after acquiring an additional 1,165 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.
About Suncor Energy
(
Get Free Report)
Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.
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