Tudor Pickering reaffirmed their buy rating on shares of Suncor Energy (TSE:SU) (NYSE:SU) in a report issued on Monday morning, Stock Target Advisor reports. The firm currently has a C$34.00 price target on the stock.
Several other research firms have also recently weighed in on SU. Royal Bank of Canada reduced their price objective on Suncor Energy from C$46.00 to C$31.00 in a research report on Monday, March 16th. Citigroup upped their price objective on Suncor Energy from C$47.00 to C$50.00 in a research report on Wednesday, January 15th. GMP Securities upped their price objective on Suncor Energy from C$39.00 to C$43.00 in a research report on Tuesday, December 3rd. Wells Fargo & Co reduced their price objective on Suncor Energy from C$50.00 to C$25.00 in a research report on Friday, March 20th. Finally, Tudor Pickering & Holt set a C$34.00 price objective on Suncor Energy and gave the stock a buy rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Suncor Energy has an average rating of Buy and a consensus price target of C$38.13.
SU stock opened at C$19.11 on Monday. The company has a debt-to-equity ratio of 42.74, a current ratio of 0.94 and a quick ratio of 0.57. The stock has a market capitalization of $27.23 billion and a P/E ratio of 10.27. The business has a 50-day moving average of C$32.33 and a 200-day moving average of C$39.31. Suncor Energy has a fifty-two week low of C$14.02 and a fifty-two week high of C$46.00.
Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The company reported C$0.51 earnings per share for the quarter, missing the consensus estimate of C$0.66 by C($0.15). The firm had revenue of C$9.60 billion during the quarter, compared to the consensus estimate of C$11.82 billion. Equities analysts expect that Suncor Energy will post 2.83 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were given a dividend of $0.465 per share. The ex-dividend date was Tuesday, March 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a yield of 9.73%. Suncor Energy’s dividend payout ratio is 90.32%.
In related news, Senior Officer Michael Roderick Macsween sold 17,226 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of C$39.10, for a total transaction of C$673,541.77. Also, Senior Officer Kristopher Peter Smith purchased 8,500 shares of Suncor Energy stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average cost of C$29.32 per share, with a total value of C$249,220.00. Following the completion of the transaction, the insider now directly owns 21,582 shares of the company’s stock, valued at approximately C$632,784.24.
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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