Media coverage about Suncor Energy (NYSE:SU) (TSE:SU) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Suncor Energy earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 46.551865054608 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Suncor Energy (SU) Upgraded to Sell at BidaskClub (americanbankingnews.com)
- Morgan Stanley Trims Suncor Energy (SU) Target Price to $54.00 (americanbankingnews.com)
- Citigroup Reaffirms Buy Rating for Suncor Energy (SU) (americanbankingnews.com)
- Tossing Stocks: Applied Optoelectronics, Inc., (NASDAQ: AAOI), Suncor Energy Inc., (NYSE: SU) (globalexportlines.com)
- Analysts See $0.59 EPS for Suncor Energy Inc. (SU); Tronox Limited Ordinary Shares Class A $0.01 Par (TROX … (mtastar.com)
A number of brokerages have issued reports on SU. Morgan Stanley decreased their price target on Suncor Energy from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Monday. ValuEngine raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 6th. Zacks Investment Research downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. UBS began coverage on Suncor Energy in a report on Wednesday, March 7th. They issued a “buy” rating for the company. Finally, Piper Jaffray set a $46.00 target price on Suncor Energy and gave the company a “buy” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.67.
Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Thursday, February 8th. The oil and gas producer reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. Suncor Energy had a return on equity of 7.15% and a net margin of 13.93%. The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.43 billion. equities analysts forecast that Suncor Energy will post 1.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 5th were paid a $0.286 dividend. The ex-dividend date was Friday, March 2nd. This represents a $1.14 dividend on an annualized basis and a yield of 3.02%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.25. Suncor Energy’s dividend payout ratio is presently 76.16%.
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About Suncor Energy
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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