Suncor Energy (TSE:SU) Given New C$62.00 Price Target at JPMorgan Chase & Co.

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective cut by JPMorgan Chase & Co. from C$63.00 to C$62.00 in a research note published on Friday,BayStreet.CA reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada dropped their target price on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Raymond James boosted their price objective on shares of 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. Scotiabank raised shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Finally, National Bankshares boosted their price target on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Five 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 company’s stock. According to data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and an average target price of C$63.04.

Suncor Energy Price Performance

SU stock opened at C$46.47 on Friday. The stock has a 50-day moving average price of C$53.15 and a two-hundred day moving average price of C$53.75. Suncor Energy has a 1 year low of C$43.59 and a 1 year high of C$58.58. The stock has a market cap of C$58.28 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.28 annualized dividend and a yield of 4.91%. Suncor Energy’s dividend payout ratio is 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.