Suncor Energy (TSE:SU) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their strong-buy rating on shares of Suncor Energy (TSE:SU) (NYSE:SU) in a research report sent to investors on Thursday morning, Stock Target Advisor reports.

A number of other equities research analysts have also issued reports on the stock. CSFB reissued an outperform rating on shares of Suncor Energy in a report on Monday, August 16th. UBS Group upped their price objective on shares of Suncor Energy from C$39.00 to C$46.00 and gave the company a na rating in a report on Wednesday, June 30th. CIBC reissued an outperform rating and issued a C$44.00 price objective on shares of Suncor Energy in a report on Thursday, September 9th. Tudor Pickering & Holt set a C$35.00 price objective on shares of Suncor Energy and gave the company a buy rating in a report on Friday, July 30th. Finally, National Bank Financial dropped their price objective on shares of Suncor Energy from C$41.00 to C$36.00 and set a sector perform rating for the company in a report on Friday, July 30th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of C$34.56.

Suncor Energy stock opened at C$24.83 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.04 and a debt-to-equity ratio of 57.21. Suncor Energy has a 52-week low of C$14.28 and a 52-week high of C$31.38. The company has a fifty day simple moving average of C$24.68 and a 200-day simple moving average of C$26.84. The firm has a market capitalization of C$36.86 billion and a price-to-earnings ratio of 24.98.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 3rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 2nd. This represents a $0.84 annualized dividend and a dividend yield of 3.38%. Suncor Energy’s dividend payout ratio is presently 84.51%.

In other Suncor Energy news, Senior Officer Mark Stephen Little purchased 10,650 shares of Suncor Energy stock in a transaction dated Monday, August 16th. The shares were acquired at an average price of C$23.50 per share, with a total value of C$250,240.92. Following the completion of the transaction, the insider now owns 87,155 shares of the company’s stock, valued at C$2,047,863.60.

About Suncor Energy

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.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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