Suncor Energy (TSE:SU) Hits New 1-Year Low - Here's Why

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's stock price reached a new 52-week low during trading on Monday . The company traded as low as C$0.01 and last traded at C$54.58, with a volume of 9519412 shares trading hands. The stock had previously closed at C$55.36.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Scotiabank increased their target price on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the company a "buy" rating in a research note on Monday, November 25th. TD Securities increased their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada cut their price target on Suncor Energy from C$66.00 to C$65.00 in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$62.61.

Suncor Energy Price Performance

The business has a 50 day simple moving average of C$54.97 and a 200-day simple moving average of C$54.00. The stock has a market cap of C$64.44 billion, a P/E ratio of 8.11, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th will be given 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 yield of 4.44%. Suncor Energy's dividend payout ratio is presently 34.42%.

Suncor Energy Company Profile

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.