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

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$48.40 and last traded at C$48.42, with a volume of 583621 shares. The stock had previously closed at C$51.83.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SU shares. Raymond James increased their price target on Suncor Energy from C$57.00 to C$58.00 and gave the stock a "market perform" rating in a research report on Friday, February 7th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Jefferies Financial Group upped their price target on shares of Suncor Energy from C$58.00 to C$59.00 in a research note on Monday, February 24th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, TD Securities cut their price target on Suncor Energy from C$63.00 to C$61.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$62.96.

Suncor Energy Stock Performance

The stock has a 50 day simple moving average of C$54.37 and a two-hundred day simple moving average of C$53.98. The company has a market cap of C$59.12 billion, a PE ratio of 7.44, a PEG ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83.

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Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's dividend payout ratio is currently 34.42%.

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.