Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$52.75 and traded as low as C$48.95. Suncor Energy shares last traded at C$49.37, with a volume of 14,154,963 shares trading hands.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on SU. Desjardins lowered their price target on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Jefferies Financial Group raised their price target on Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. Finally, Wells Fargo & Company lifted their target price on Suncor Energy from C$57.00 to C$59.00 in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and an average price target of C$62.58.
View Our Latest Stock Report on Suncor Energy
Suncor Energy Stock Down 1.0%
The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The business has a fifty day simple moving average of C$49.34 and a two-hundred day simple moving average of C$52.64. The company has a market capitalization of C$61.34 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 0.15 and a beta of 1.47.
Suncor Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is currently 34.42%.
Suncor Energy Company Profile
(
Get Free Report)
Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.
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