Suncor Energy (SU) Receiving Somewhat Positive News Coverage, Study Finds
News articles about Suncor Energy (NYSE:SU) (TSE:SU) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Suncor Energy earned a news impact score of 0.14 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 46.3536595004533 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research firms have recently commented on SU. Zacks Investment Research raised shares of Suncor Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub lowered shares of Suncor Energy from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Citigroup Inc. reaffirmed a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. AltaCorp Capital lowered shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $52.00 price target (up from $47.00) on shares of Suncor Energy in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $42.86.
Suncor Energy (SU) traded up 0.63% during mid-day trading on Friday, hitting $35.03. 3,172,492 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $32.34 and a 200 day moving average of $31.04. Suncor Energy has a 52 week low of $25.70 and a 52 week high of $35.16. The stock has a market capitalization of $58.13 billion, a P/E ratio of 26.34 and a beta of 0.82.
The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th were issued a $0.2552 dividend. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, August 31st. This represents a $1.02 annualized dividend and a dividend yield of 2.91%. Suncor Energy ‘s dividend payout ratio is presently 84.43%.
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About Suncor Energy
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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