Analysts’ Weekly Ratings Changes for Suncor Energy (SU)

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A number of research firms have changed their ratings and price targets for Suncor Energy (TSE: SU):

  • 2/7/2019 – Suncor Energy had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a C$59.00 price target on the stock.
  • 2/7/2019 – Suncor Energy had its price target raised by analysts at National Bank Financial from C$51.00 to C$56.00. They now have an “outperform” rating on the stock.
  • 2/7/2019 – Suncor Energy had its price target raised by analysts at TD Securities from C$45.00 to C$49.00. They now have a “buy” rating on the stock.
  • 2/7/2019 – Suncor Energy had its price target raised by analysts at GMP Securities from C$46.00 to C$47.00.
  • 2/7/2019 – Suncor Energy had its price target raised by analysts at CIBC from C$52.00 to C$53.00.
  • 1/30/2019 – Suncor Energy had its price target lowered by analysts at Morgan Stanley from C$58.00 to C$52.00.
  • 1/28/2019 – Suncor Energy had its “neutral” rating reaffirmed by analysts at CSFB. They now have a C$48.00 price target on the stock.
  • 1/10/2019 – Suncor Energy had its price target lowered by analysts at Barclays PLC from C$68.00 to C$61.00.
  • 1/10/2019 – Suncor Energy had its price target lowered by analysts at Canaccord Genuity from C$65.00 to C$55.00.
  • 1/7/2019 – Suncor Energy had its price target lowered by analysts at UBS Group AG from C$60.00 to C$49.00.
  • 12/17/2018 – Suncor Energy had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a C$59.00 price target on the stock.
  • 12/17/2018 – Suncor Energy had its price target lowered by analysts at TD Securities from C$60.00 to C$59.00. They now have a “buy” rating on the stock.
  • 12/17/2018 – Suncor Energy had its price target lowered by analysts at Cormark from C$60.00 to C$52.00.
  • 12/17/2018 – Suncor Energy had its price target lowered by analysts at UBS Group AG from C$62.00 to C$60.00.
  • 12/13/2018 – Suncor Energy was downgraded by analysts at GMP Securities from a “buy” rating to a “hold” rating. They now have a C$46.00 price target on the stock, down previously from C$57.00.

Shares of SU traded up C$0.18 during midday trading on Monday, reaching C$42.99. The company had a trading volume of 3,465,979 shares, compared to its average volume of 3,689,313. Suncor Energy Inc. has a 1-year low of C$35.53 and a 1-year high of C$55.47. The company has a market capitalization of $68.32 billion and a PE ratio of 14.25. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 36.41.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Monday, March 4th will be paid a $0.42 dividend. The ex-dividend date is Friday, March 1st. This is an increase from Suncor Energy’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.91%. Suncor Energy’s dividend payout ratio (DPR) is 47.73%.

In other Suncor Energy news, insider Steven Walter Williams purchased 54,000 shares of the stock in a transaction dated Friday, December 21st. The stock was acquired at an average cost of C$36.86 per share, for a total transaction of C$1,990,440.00. Following the acquisition, the insider now owns 465,102 shares in the company, valued at approximately C$17,143,659.72.

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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