Suncor Energy (TSE:SU - Free Report) NYSE: SU had its price target cut by TD Securities from C$63.00 to C$61.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other equities research analysts also recently weighed in on the stock. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. National Bankshares lifted their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Gerdes Energy Research set a C$69.00 target price on Suncor Energy and gave the company a "buy" rating in a research note on Monday, November 25th. Four research 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, Suncor Energy has an average rating of "Moderate Buy" and a consensus price target of C$62.96.
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Suncor Energy Trading Up 1.8 %
SU stock traded up C$0.98 during midday trading on Thursday, reaching C$54.70. The stock had a trading volume of 1,610,808 shares, compared to its average volume of 8,631,918. The firm has a market cap of C$68.61 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a twelve month low of C$48.41 and a twelve month high of C$58.58. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The business has a fifty day simple moving average of C$54.86 and a two-hundred day simple moving average of C$53.74.
Suncor Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th will be issued a dividend of $0.57 per share. The ex-dividend date is Tuesday, March 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.17%. Suncor Energy's payout ratio is 34.42%.
About Suncor Energy
(
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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.
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