A number of other research analysts have also weighed in on the company. Suncor Energy Inc. was the topic in 6 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Zacks Investment Research downgraded Suncor Energy from a buy rating to a hold rating in a report on Tuesday, November 10th.
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By comparison, Suncor’s capital budget for 2015 was initially set at $7.2 billion and $7.8 billion but the company eventually cut its spending plans by $1 billion in response to the collapse in oil prices. Finally, RBC Capital increased their price objective on shares of Suncor Energy from $43.00 to $44.00 and gave the stock an outperform rating in a research note on Friday, July 31st. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock.
Suncor Energy Inc.is an integrated energy company. Earnings per share is the portion of a company’s profit that is allocated to each outstanding share of common stock. (NYSE:SU) a near short term price target of $34.59. Suncor Energy has a 52-week low of $30.89 and a 52-week high of $40.93. For example, if a company forecasts future profitability, the estimated P/E will be lower than the current P/E. P/E is calculated by dividing the market price per share by the expected earnings per share, and also referred to as price-to-earnings.
Suncor has so far chopped $1.4-billion from its budget this year and let go about 1,200 employees. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $0.2186 per share. A high dividend yield ratio is considered anything over 5%, while a very high ratio is considered anything over 10%.
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Suncor Energy (TSE:SU) traded up 3.76% during trading on Monday, hitting $38.32. The Firm operates in three business divisions: Oil Sands, Exploration and Production, and Refining and Marketing. The Business’s Oil Sands segment includes Oil Sands ventures operations and Oil Sands operations. The Business’s Refining and Marketing segment is engaged in Supply and Refining, and Downstream Promotion. In addition, the Company explores, acquires, develops, produces and markets crude oil in Canada and internationally, and the Company transports and refines crude oil, and market petroleum and petrochemical products primarily in Canada.
