Suncor Energy Inc. Plans Quarterly Dividend of C$0.29 (SU)

The technical numbers for Suncor Energy Inc. are as follows: It has a simple moving average 50 of 3.97%, a 52 week high of -18.47%, and a 52 week low of 19.68%. Earlier the firm had a rating of Buy on the company shares. The company’s 50 day moving average price is $37.23 and its 200-day moving average price is $35.89. Investors should watch out for further signals and trade with caution.Suncor Energy Inc.is up 0.09% in the last 3-month period.

Shares of Suncor Energy (NYSE:SU) traded down 3.49% during midday trading on Wednesday, hitting $27.96. A high dividend yield ratio is considered anything over 5%, while a very high ratio is considered anything over 10%. Raymond James increased their price objective on shares of Suncor Energy from $40.00 to $41.00 and gave the company an outperform rating in a research report on Tuesday, August 4th. raised their price target on shares of Suncor Energy from $38.00 to $40.00 and gave the stock a sector perform rating in a research report on Tuesday, August 4th. The 52-week low of the share price is $24.2. Suncor Energy Inc. stands at 5.80% and its gross margin is 57.80%. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $6.82.

Along with its peers, Suncor has aggressively cut spending and slashed jobs this year in response to low prices, and said oil sands cash operating costs would be C$27-C$30 a barrel in 2016, down from C$28-C$31 a barrel. Institutional Investors own 62.34% of Suncor Energy Inc. shares. Earnings per share is the portion of a company’s profit that is allocated to each outstanding share of common stock.

Suncor Chief Executive Steve Williams said “significant planned maintenance activities” at various facilities were behind the cut, including the company’s first five-year turnaround at one of its two oil sands upgraders in northern Alberta as well as maintenance at its Firebag thermal project. The Organization operates in three business segments: Exploration Oil Sands and Production, and Refining and Marketing. The Business also carries and refines crude oil, and markets petroleum and petrochemical products primarily in Canada. In September 2013, the Company announced that it has sold its conventional natural gas business in Western Canada to CQ Energy Canada Partnership, a newly established partnership between Centrica plc and Qatar Petroleum global Ltd.