Somewhat Positive Media Coverage Somewhat Unlikely to Affect Suncor Energy (SU) Stock Price

News articles about Suncor Energy (NYSE:SU) (TSE:SU) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, 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 assigned news stories about the oil and gas producer an impact score of 46.551865054608 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

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NYSE:SU traded down $0.76 during trading hours on Monday, hitting $33.78. 3,115,660 shares of the stock were exchanged, compared to its average volume of 3,525,531. Suncor Energy has a 52-week low of $27.96 and a 52-week high of $38.39. The company has a current ratio of 1.00, a quick ratio of 0.64 and a debt-to-equity ratio of 0.29. The firm has a market cap of $56,608.61, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.43 billion. Suncor Energy had a return on equity of 7.15% and a net margin of 13.93%. research analysts forecast that Suncor Energy will post 1.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Monday, March 5th were given a $0.286 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.25. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.39%. Suncor Energy’s dividend payout ratio is 76.16%.

SU has been the subject of a number of analyst reports. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research raised Suncor Energy from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Saturday, January 20th. Piper Jaffray reaffirmed a “buy” rating and issued a $47.00 price target on shares of Suncor Energy in a report on Wednesday, January 24th. JPMorgan Chase upgraded Suncor Energy from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. Finally, AltaCorp Capital reiterated a “hold” rating and set a $51.00 price objective on shares of Suncor Energy in a research note on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Suncor Energy currently has an average rating of “Buy” and an average target price of $45.67.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based 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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