Suncor Energy (TSE:SU) Sets New 1-Year Low - Here's What Happened

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group boosted their price objective on Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the stock a "buy" rating in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company cut their price objective on Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Four equities 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$62.61.

Suncor Energy Stock Performance

The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The company has a market capitalization of C$64.46 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The business has a 50 day moving average of C$54.98 and a 200-day moving average of C$53.94.

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 paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.44%. Suncor Energy's payout ratio is 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.