Suncor Energy (TSE:SU) (NYSE:SU) had its price target trimmed by CIBC from C$56.00 to C$55.00 in a report published on Thursday, BayStreet.CA reports.
SU has been the topic of several other research reports. Evercore ISI downgraded shares of Suncor Energy from an outperform rating to an in-line rating and reduced their target price for the company from C$58.00 to C$54.00 in a research note on Wednesday, April 3rd. GMP Securities reissued a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. National Bank Financial increased their target price on shares of Vermilion Energy from C$35.00 to C$36.00 and gave the company an outperform rating in a research note on Tuesday, July 16th. Evercore downgraded shares of Suncor Energy from an outperform rating to an in-line rating and reduced their target price for the company from C$58.00 to C$54.00 in a research note on Wednesday, April 3rd. Finally, Raymond James reissued a buy rating and issued a $21.00 target price on shares of Colfax in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of C$54.47.
Suncor Energy stock opened at C$40.69 on Thursday. The stock has a market capitalization of $64.21 billion and a P/E ratio of 16.53. The company’s fifty day simple moving average is C$41.31. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 43.32. Suncor Energy has a 52-week low of C$35.53 and a 52-week high of C$55.47.
Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.51 by C$0.26. The business had revenue of C$9.40 billion for the quarter, compared to analysts’ expectations of C$9.37 billion. As a group, sell-side analysts anticipate that Suncor Energy will post 3.4399998 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 25th were issued 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 of this dividend was Monday, June 3rd. Suncor Energy’s payout ratio is presently 60.93%.
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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