TD Securities cut shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) from a buy rating to a hold rating in a research report released on Thursday morning. TD Securities currently has $50.00 target price on the oil and gas producer’s stock.
SU has been the subject of several other research reports. Zacks Investment Research upgraded shares of Suncor Energy from a strong sell rating to a hold rating in a research report on Tuesday, September 12th. Citigroup Inc. reiterated a buy rating on shares of Suncor Energy in a research report on Wednesday, August 2nd. Wolfe Research upgraded shares of Suncor Energy from a market perform rating to an outperform rating in a research report on Monday, October 16th. BidaskClub upgraded shares of Suncor Energy from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity reiterated a buy rating and set a $51.00 price target on shares of Suncor Energy in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $44.19.
Shares of Suncor Energy (NYSE:SU) opened at $35.40 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.62. The firm has a market cap of $58,581.98, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.24 and a beta of 0.85. Suncor Energy has a 1 year low of $27.96 and a 1 year high of $36.71.
ILLEGAL ACTIVITY NOTICE: “Suncor Energy Inc. (SU) Cut to Hold at TD Securities” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/20/suncor-energy-inc-su-cut-to-hold-at-td-securities.html.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.251 per share. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 2.84%. Suncor Energy ‘s dividend payout ratio (DPR) is presently 62.05%.
A number of institutional investors have recently added to or reduced their stakes in the stock. First Personal Financial Services lifted its stake in Suncor Energy by 144.1% in the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after buying an additional 2,270 shares in the last quarter. Forward Management LLC bought a new position in Suncor Energy in the third quarter valued at approximately $154,000. UBS Asset Management Americas Inc. lifted its stake in Suncor Energy by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock valued at $136,000 after buying an additional 562 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Suncor Energy by 90.8% in the second quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock valued at $124,000 after buying an additional 2,248 shares in the last quarter. Finally, Howland Capital Management LLC bought a new position in Suncor Energy in the third quarter valued at approximately $201,000. 63.75% of the stock is currently owned by institutional investors and hedge funds.
About Suncor Energy
Suncor Energy Inc is a Canada-based 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.
Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.