Suncor Energy Inc. (SU) Trading Down 0.9%
Suncor Energy Inc. (NYSE:SU) fell 0.9% during mid-day trading on Monday . The stock traded as low as $27.71 and last traded at $27.82, with a volume of 2,406,778 shares traded. The stock had previously closed at $28.08.
Several research analysts have weighed in on SU shares. Zacks Investment Research cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Vetr raised Suncor Energy from a “buy” rating to a “strong-buy” rating and set a $32.62 price objective on the stock in a research report on Monday, May 2nd. Raymond James Financial Inc. reissued an “outperform” rating and issued a $41.00 price objective (up previously from $40.00) on shares of Suncor Energy in a research report on Monday, May 2nd. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $39.00 to $40.00 in a research report on Wednesday, June 22nd. Finally, Citigroup Inc. raised Suncor Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $44.00 in a research report on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $38.19.
The stock’s 50 day moving average price is $27.55 and its 200-day moving average price is $27.06. The company’s market cap is $46.21 billion.
Suncor Energy (NYSE:SU) last posted its earnings results on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.15. During the same period last year, the company earned $0.63 earnings per share. Equities research analysts anticipate that Suncor Energy Inc. will post ($0.34) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th will be issued a $0.2194 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, September 1st.
An institutional investor recently bought a new position in Suncor Energy stock. Trexquant Investment LP bought a new position in Suncor Energy Inc. (NYSE:SU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 44,004 shares of the company’s stock, valued at approximately $1,135,000.
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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