Suncor Energy (NYSE: SU) recently received a number of ratings updates from brokerages and research firms:

  • 8/2/2017 – Suncor Energy had its “buy” rating reaffirmed by analysts at Citigroup Inc.
  • 8/2/2017 – Suncor Energy was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/28/2017 – Suncor Energy was downgraded by analysts at AltaCorp Capital from an “outperform” rating to a “sector perform” rating.
  • 7/24/2017 – Suncor Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/19/2017 – Suncor Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Hold-rated Suncor Energy's shares have gained +9% over the last 12 months, handily outperforming the Zacks Oil & Gas – Canadian Integrated industry, which lost -12% over the same time period, as well as key rival Canadian Natural Resources. SU's last reported quarter saw production rising to a record on the back of its transactions to gain a majority stake in the massive Syncrude oil sands project. Importantly, SU's success in reducing cash costs have magnified the effects of rebound in oil prices. An attractive dividend yield and plans for share buyback are other positives in the Suncor story. However, the operational challenges and unplanned outages in its Syncrude project, may affect its cash flows adversely. As it is, extracting crude from the oil sands is a costly affair and as such, hampers profit margins. Therefore, we see limited upside for SU scrip”
  • 7/12/2017 – Suncor Energy had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $52.00 price target on the stock, up previously from $47.00.
  • 7/4/2017 – Suncor Energy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Buy-rated Suncor Energy's shares have gained +6% over the last 12 months, handily outperforming the Zacks Oil & Gas – Canadian Integrated industry, which lost -9% over the same time period, as well as key rival Canadian Natural Resources. SU's last reported quarter saw production rising to a record on the back of its transactions to gain a majority stake in the massive Syncrude oil sands project. Importantly, SU's success in reducing cash costs have magnified the effects of rebound in oil prices. An attractive dividend yield and plans for share buyback are other positives in the Suncor story. Consequently, we think Suncor offers upside potential from current levels and label it as an attractive investment.”
  • 7/3/2017 – Suncor Energy had its price target lowered by analysts at Piper Jaffray Companies from $40.00 to $38.00. They now have an “overweight” rating on the stock.
  • 6/27/2017 – Suncor Energy is now covered by analysts at National Bank Financial. They set an “outperform” rating on the stock.

Shares of Suncor Energy Inc. (NYSE:SU) opened at 32.39 on Friday. The stock has a 50 day moving average of $30.53 and a 200 day moving average of $30.93. The company has a market cap of $53.75 billion, a price-to-earnings ratio of 25.15 and a beta of 0.82. Suncor Energy Inc. has a 52-week low of $25.70 and a 52-week high of $33.79.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.2552 per share. This is a boost from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.02 dividend on an annualized basis and a yield of 3.15%. Suncor Energy ‘s dividend payout ratio (DPR) is presently 77.87%.

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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