Suncor Energy - SU Stock Forecast, Price & News

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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada. It operates through Oil Sands; Exploration and Production; Refining and Marketing; and Corporate and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations, and upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and in the North Sea; and operating onshore assets in Libya and Syria. The Refining and Marketing segment refines crude oil and intermediate feedstock into various petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its other retail sellers. The Corporate and Eliminations segment operates four wind farms in Ontario and Western Canada. The company also markets and trades in crude oil, natural gas, byproducts, refined products, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Suncor Energy from C$54.00 to C$60.00 in a research report on Thursday, June 9th. Royal Bank of Canada raised shares of Suncor Energy to a "buy" rating and set a C$53.00 target price for the company in a report on Tuesday, June 21st. JPMorgan Chase & Co. lifted their target price on shares of Suncor Energy from C$56.00 to C$63.00 in a report on Monday, August 8th. Raymond James lowered their target price on shares of Suncor Energy from C$57.00 to C$53.00 and set a "market perform" rating for the company in a report on Monday, August 8th. Finally, Eight Capital lowered shares of Suncor Energy from a "neutral" rating to a "sell" rating and lowered their target price for the stock from C$56.00 to C$46.00 in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and an average price target of C$49.95.

Suncor Energy Trading Down 1.0 %

SU opened at C$40.85 on Wednesday. The stock has a market capitalization of C$55.75 billion and a P/E ratio of 6.06. Suncor Energy has a 12 month low of C$21.90 and a 12 month high of C$53.62. The firm's fifty day simple moving average is C$43.51 and its 200 day simple moving average is C$42.88. The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 43.68.

Suncor Energy (TSE:SU - Get Rating) (NYSE:SU) last posted its quarterly earnings data on Thursday, August 4th. The company reported C$2.71 EPS for the quarter, beating the consensus estimate of C$2.21 by C$0.50. The company had revenue of C$16.20 billion during the quarter, compared to the consensus estimate of C$12.49 billion. As a group, research analysts anticipate that Suncor Energy will post 7.7499998 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 2nd will be given a $0.47 dividend. The ex-dividend date is Thursday, September 1st. This represents a $1.88 annualized dividend and a yield of 4.60%. Suncor Energy's dividend payout ratio is currently 22.55%.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith purchased 18,000 shares of the business's stock in a transaction on Tuesday, August 9th. The shares were purchased at an average cost of C$39.11 per share, with a total value of C$703,980.00. Following the transaction, the insider now directly owns 48,482 shares of the company's stock, valued at approximately C$1,896,131.02.