Analysts Set Suncor Energy Inc. (TSE:SU) Target Price at C$30.75
Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned an average rating of “Buy” from the eighteen research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$31.19.
A number of research firms recently weighed in on SU. Tudor Pickering reaffirmed a “buy” rating and set a C$26.00 target price on shares of Suncor Energy in a report on Thursday, May 21st. JPMorgan Chase & Co. decreased their target price on shares of Suncor Energy from C$33.00 to C$24.00 in a report on Monday, March 23rd. Citigroup upped their target price on shares of Suncor Energy from C$28.00 to C$31.00 in a report on Wednesday, June 24th. Tudor Pickering & Holt set a C$28.00 target price on shares of Suncor Energy and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Stifel Firstegy raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 19th.
SU traded up C$0.88 during midday trading on Tuesday, reaching C$23.16. The company had a trading volume of 10,809,572 shares, compared to its average volume of 8,989,021. The company has a debt-to-equity ratio of 53.83, a quick ratio of 0.48 and a current ratio of 0.81. The stock has a market cap of $33.98 billion and a PE ratio of -17.05. Suncor Energy has a 12-month low of C$14.02 and a 12-month high of C$45.12. The business has a 50-day moving average price of C$24.26 and a two-hundred day moving average price of C$30.92.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.63%. Suncor Energy’s dividend payout ratio (DPR) is -127.03%.
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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