Suncor Energy (TSE:SU – Get Rating) (NYSE:SU) had its target price lowered by Royal Bank of Canada from C$54.00 to C$52.00 in a research note released on Wednesday morning, The Fly reports.
A number of other brokerages have also recently commented on SU. BMO Capital Markets dropped their price objective on shares of Suncor Energy from C$54.00 to C$52.00 in a research note on Monday, April 17th. Scotiabank decreased their price objective on shares of Suncor Energy from C$50.00 to C$47.00 in a report on Thursday, April 13th. TD Securities reduced their price target on shares of Suncor Energy from C$52.00 to C$49.00 and set a buy rating for the company in a report on Tuesday. Morgan Stanley reduced their price objective on shares of Suncor Energy from C$61.00 to C$58.00 in a research note on Monday, March 27th. Finally, National Bank Financial boosted their target price on shares of Suncor Energy from C$57.00 to C$60.00 in a research report on Tuesday, April 18th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of C$53.86.
Suncor Energy Stock Down 1.3 %
SU opened at C$39.18 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 40.72. Suncor Energy has a 1-year low of C$36.38 and a 1-year high of C$53.62. The company has a market capitalization of C$51.72 billion, a PE ratio of 6.00, a PEG ratio of 0.15 and a beta of 1.67. The firm’s 50 day simple moving average is C$42.30 and its two-hundred day simple moving average is C$43.84.
Suncor Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Monday, June 5th will be issued a $0.52 dividend. The ex-dividend date is Friday, June 2nd. This represents a $2.08 annualized dividend and a yield of 5.31%. Suncor Energy’s dividend payout ratio (DPR) is currently 31.85%.
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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
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