A number of other analysts have also weighed in on SU. Citigroup increased their price objective on Suncor Energy from C$47.00 to C$50.00 in a research note on Wednesday, January 15th. Wells Fargo & Co dropped their price objective on Suncor Energy from C$50.00 to C$25.00 in a research note on Friday, March 20th. Canaccord Genuity dropped their price target on Suncor Energy from C$58.00 to C$40.00 in a research note on Tuesday, March 10th. Scotiabank dropped their price target on Suncor Energy from C$50.00 to C$49.00 in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their price target on Suncor Energy from C$46.00 to C$31.00 in a research note on Monday, March 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of C$38.13.
TSE:SU opened at C$17.97 on Monday. The firm has a market cap of $27.23 billion and a PE ratio of 9.66. Suncor Energy has a fifty-two week low of C$14.02 and a fifty-two week high of C$46.00. The company has a debt-to-equity ratio of 42.74, a quick ratio of 0.57 and a current ratio of 0.94. The business has a 50 day moving average price of C$31.92 and a 200-day moving average price of C$39.21.
Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The company reported C$0.51 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.15). The firm had revenue of C$9.60 billion during the quarter, compared to analysts’ expectations of C$11.82 billion. Research analysts predict that Suncor Energy will post 2.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were paid a $0.465 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $1.86 dividend on an annualized basis and a yield of 10.35%. Suncor Energy’s dividend payout ratio (DPR) is presently 90.32%.
In other news, Senior Officer Kristopher Peter Smith acquired 8,500 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of C$29.32 per share, for a total transaction of C$249,220.00. Following the completion of the acquisition, the insider now owns 21,582 shares in the company, valued at C$632,784.24. Also, Senior Officer Michael Roderick Macsween sold 17,226 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of C$39.10, for a total value of C$673,541.77.
About Suncor Energy
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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