Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$53.83 and traded as high as C$56.27. Suncor Energy shares last traded at C$55.72, with a volume of 4,995,891 shares.
Analysts Set New Price Targets
A number of research firms have recently issued reports on SU. Wells Fargo & Company cut their target price on shares of Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Royal Bank of Canada cut their price objective on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. TD Securities decreased their target price on Suncor Energy from C$63.00 to C$61.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Desjardins lowered their target price on Suncor Energy from C$68.50 to C$65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$62.96.
Check Out Our Latest Analysis on Suncor Energy
Suncor Energy Price Performance
The firm has a market capitalization of C$59.28 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. 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 company's fifty day moving average is C$54.37 and its two-hundred day moving average is C$53.95.
Suncor Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were issued a $0.57 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $2.28 dividend on an annualized basis and a yield of 4.82%. Suncor Energy's dividend payout ratio is presently 34.42%.
Suncor Energy Company Profile
(
Get Free Report)
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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