Suncor Energy (TSE:SU) Price Target Lowered to C$50.00 at Royal Bank of Canada

Suncor Energy (TSE:SU) (NYSE:SU) had its target price lowered by Royal Bank of Canada from C$53.00 to C$50.00 in a report released on Thursday, BayStreet.CA reports.

SU has been the subject of several other research reports. National Bank Financial increased their price objective on Vermilion Energy from C$35.00 to C$36.00 and gave the stock an outperform rating in a research report on Tuesday, July 16th. GMP Securities reiterated a buy rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Evercore cut Suncor Energy from an outperform rating to an in-line rating and cut their price objective for the stock from C$58.00 to C$54.00 in a research report on Wednesday, April 3rd. CIBC reiterated a hold rating and issued a $2.50 price objective on shares of Advantage Oil & Gas in a research report on Thursday. Finally, Evercore ISI cut Suncor Energy from an outperform rating to an in-line rating and cut their price objective for the stock from C$58.00 to C$54.00 in a research report on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Suncor Energy has an average rating of Buy and an average target price of C$54.47.

TSE:SU opened at C$40.69 on Thursday. The business has a fifty day simple moving average of C$41.31. The stock has a market capitalization of $64.21 billion and a PE ratio of 16.53. The company has a debt-to-equity ratio of 43.32, a current ratio of 0.88 and a quick ratio of 0.55. Suncor Energy has a 1 year low of C$35.53 and a 1 year high of C$55.47.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Wednesday, May 1st. The company reported C$0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.51 by C$0.26. The business had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$9.37 billion. Sell-side analysts anticipate that Suncor Energy will post 3.4399998 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 25th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Monday, June 3rd. Suncor Energy’s dividend payout ratio is currently 60.93%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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