Suncor Energy (TSE:SU) Downgraded by The Goldman Sachs Group to Hold

The Goldman Sachs Group lowered shares of Suncor Energy (TSE:SU) (NYSE:SU) from a strong-buy rating to a hold rating in a research report released on Friday,Zacks.com reports.

Several other analysts have also recently weighed in on SU. Scotiabank boosted their price objective on shares of Suncor Energy from C$80.00 to C$85.00 in a research note on Wednesday, April 1st. BMO Capital Markets boosted their price objective on shares of Suncor Energy from C$85.00 to C$100.00 in a research note on Wednesday, April 1st. Desjardins upped their price target on shares of Suncor Energy from C$79.00 to C$85.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, TD upped their price target on shares of Suncor Energy from C$91.00 to C$113.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$93.13.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at C$86.85 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.42 and a debt-to-equity ratio of 32.36. Suncor Energy has a twelve month low of C$50.11 and a twelve month high of C$96.53. The stock has a market cap of C$102.55 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 0.15 and a beta of 0.14. The company’s fifty day moving average is C$89.88 and its 200 day moving average is C$76.71.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 earnings per share for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The company had revenue of C$14.48 billion for the quarter. Sell-side analysts forecast that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. Suncor Energy’s dividend payout ratio is 44.49%.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.