Suncor Energy Inc. (SU) Given New C$42.00 Price Target at J P Morgan Chase & Co
Several other analysts have also weighed in on SU. Royal Bank Of Canada reiterated an outperform rating and set a C$50.00 target price on shares of Suncor Energy in a research report on Thursday, June 8th. Scotiabank lowered shares of Suncor Energy from an outperform rating to a sector perform rating and set a C$47.00 target price on the stock. in a research report on Friday, June 9th. National Bank Financial set a C$51.00 target price on shares of Suncor Energy and gave the company an outperform rating in a research report on Tuesday, June 27th. TD Securities decreased their target price on shares of Suncor Energy from C$46.00 to C$45.00 and set a buy rating on the stock in a research report on Thursday, July 27th. Finally, AltaCorp Capital lowered shares of Suncor Energy from an outperform rating to a sector perform rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$49.08.
Shares of Suncor Energy (TSE:SU) traded down 0.43% during trading on Thursday, reaching $41.45. 10,395,190 shares of the company’s stock were exchanged. The company has a market capitalization of $68.78 billion and a PE ratio of 25.65. Suncor Energy has a 52-week low of $34.01 and a 52-week high of $44.90. The company has a 50 day moving average price of $40.17 and a 200-day moving average price of $40.56.
Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Wednesday, July 26th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.23 by C($0.11). Suncor Energy had a net margin of 6.00% and a return on equity of 3.86%. The business had revenue of C$7.26 billion for the quarter, compared to analyst estimates of C$7.41 billion. On average, equities analysts forecast that Suncor Energy will post $1.29 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a yield of 3.07%.
In other news, insider Steven Walter Williams purchased 1,000 shares of Suncor Energy stock in a transaction on Wednesday, September 6th. The shares were purchased at an average cost of C$39.39 per share, for a total transaction of C$39,390.00.
Suncor Energy Company Profile
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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