Suncor Energy (TSE:SU) (NYSE:SU) had its price target decreased by CIBC from C$56.00 to C$55.00 in a report released on Thursday, BayStreet.CA reports.
A number of other brokerages have also recently commented on SU. National Bank Financial lifted their target price on shares of 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. Raymond James reiterated a buy rating and issued a $21.00 target price on shares of Colfax in a research report on Thursday, May 2nd. GMP Securities reiterated a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Evercore cut shares of Suncor Energy from an outperform rating to an in-line rating and decreased their target price for the stock from C$58.00 to C$54.00 in a research report on Wednesday, April 3rd. Finally, Evercore ISI cut shares of Suncor Energy from an outperform rating to an in-line rating and decreased their target price for the stock from C$58.00 to C$54.00 in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$54.47.
TSE SU opened at C$40.69 on Thursday. Suncor Energy has a 1 year low of C$35.53 and a 1 year high of C$55.47. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 43.32. The stock has a market cap of $64.21 billion and a PE ratio of 16.53. The business has a 50 day moving average price of C$41.31.
Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results 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 firm had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$9.37 billion. On average, analysts forecast that Suncor Energy will post 3.4399998 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 25th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.13%. Suncor Energy’s dividend payout ratio (DPR) 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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