TD Securities Has Lowered Expectations for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its target price decreased by TD Securities from C$63.00 to C$61.00 in a research report report published on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts have also recently weighed in on the stock. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a report on Monday, November 25th. Raymond James lifted their price target on Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th. Royal Bank of Canada lowered their price target on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. Finally, Jefferies Financial Group boosted their target price on Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$62.96.

Suncor Energy Stock Down 0.5 %

Shares of Suncor Energy stock opened at C$53.72 on Thursday. The stock has a market capitalization of C$67.38 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.15 and a beta of 1.47. The company’s 50 day moving average price is C$54.86 and its 200-day moving average price is C$53.75. Suncor Energy has a 52-week low of C$48.41 and a 52-week high of C$58.58. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.24%. Suncor Energy’s dividend payout ratio (DPR) is presently 34.42%.

Suncor Energy Company Profile

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.