Suncor Energy (TSE:SU) Reaches New 1-Year Low – Time to Sell?

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s share price hit a new 52-week low on Friday . The company traded as low as C$48.40 and last traded at C$48.42, with a volume of 583621 shares trading hands. The stock had previously closed at C$51.83.

Analyst Upgrades and Downgrades

SU has been the topic of several research analyst reports. Jefferies Financial Group lifted their price objective on Suncor Energy from C$58.00 to C$59.00 in a report on Monday, February 24th. Scotiabank raised Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Raymond James lifted their price target on shares of Suncor Energy from C$57.00 to C$58.00 and gave the company a “market perform” rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$62.96.

Suncor Energy Stock Performance

The stock’s fifty day simple moving average is C$54.37 and its 200-day simple moving average is C$53.95. The company has a market capitalization of C$59.28 billion, a price-to-earnings ratio of 7.46, 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.28 dividend on an annualized basis and a yield of 4.82%. Suncor Energy’s dividend payout ratio (DPR) is presently 34.42%.

About Suncor Energy

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.