Suncor Energy (NYSE:SU) Getting Somewhat Positive Press Coverage, Accern Reports
News headlines about Suncor Energy (NYSE:SU) (TSE:SU) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Suncor Energy earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the oil and gas producer an impact score of 46.2037961475677 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Suncor Energy Inc. (SU) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Suncor Energy Inc. (SU) Downgraded to Sell at BidaskClub (americanbankingnews.com)
- Active Runner in Focus – Suncor Energy Inc (SU) – Evergreen Caller (evergreencaller.com)
- Suncor Energy : declares dividend (4-traders.com)
- $6.51 Billion in Sales Expected for Suncor Energy Inc. (SU) This Quarter (americanbankingnews.com)
A number of equities research analysts recently weighed in on SU shares. Zacks Investment Research downgraded Suncor Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. BidaskClub upgraded shares of Suncor Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Barclays PLC restated an “overweight” rating and set a $52.00 price target (up previously from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. Citigroup Inc. restated a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. Finally, AltaCorp Capital cut shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.10.
Suncor Energy (NYSE:SU) traded up 0.64% during mid-day trading on Friday, reaching $31.42. 1,786,685 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $30.98 and a 200-day moving average of $30.93. The firm has a market cap of $52.14 billion, a price-to-earnings ratio of 24.68 and a beta of 0.82. Suncor Energy has a 12 month low of $25.70 and a 12 month high of $33.79.
Suncor Energy declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 26th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the oil and gas producer to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th will be paid a $0.2552 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, August 31st. This is a boost from Suncor Energy ‘s previous quarterly dividend of $0.24. Suncor Energy ‘s dividend payout ratio is 77.87%.
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Suncor Energy Company Profile
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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