Suncor Energy (TSE:SU) (NYSE:SU) had its target price lowered by UBS Group from C$62.00 to C$60.00 in a report released on Monday morning, www.baystreet.ca reports.
Several other equities research analysts have also issued reports on SU. GMP Securities lowered shares of Suncor Energy from a buy rating to a hold rating and decreased their price target for the stock from C$57.00 to C$46.00 in a research note on Thursday, December 13th. JPMorgan Chase & Co. decreased their price target on shares of Suncor Energy from C$59.00 to C$56.00 in a research note on Tuesday, December 11th. Mizuho decreased their price target on shares of Suncor Energy from C$61.00 to C$59.00 in a research note on Friday, November 2nd. Raymond James restated an outperform rating and set a C$70.00 price target on shares of Suncor Energy in a research note on Friday, November 2nd. Finally, Morgan Stanley decreased their price target on shares of Suncor Energy from C$67.00 to C$58.00 in a research note on Tuesday, November 20th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Suncor Energy currently has a consensus rating of Buy and an average target price of C$58.00.
TSE:SU opened at C$39.09 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 36.41. Suncor Energy has a 52 week low of C$38.92 and a 52 week high of C$55.47.
Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Wednesday, October 31st. The company reported C$0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.92 by C$0.03. The firm had revenue of C$10.86 billion during the quarter, compared to analysts’ expectations of C$12.09 billion. Equities analysts anticipate that Suncor Energy will post 3.78000012474291 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 24th. Investors of record on Monday, December 3rd will be paid a $0.36 dividend. The ex-dividend date is Friday, November 30th. This represents a $1.44 dividend on an annualized basis and a yield of 3.68%. Suncor Energy’s dividend payout ratio is 47.73%.
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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