Analysts’ Weekly Ratings Changes for Suncor Energy (SU)

A number of firms have modified their ratings and price targets on shares of Suncor Energy (TSE: SU) recently:

• 5/8/2024 – Suncor Energy had its price target raised by analysts at TD Securities from C$50.00 to C$52.00. They now have a “hold” rating on the stock.
• 4/23/2024 – Suncor Energy had its price target raised by analysts at Desjardins from C$48.50 to C$54.00. They now have a “hold” rating on the stock.
• 4/22/2024 – Suncor Energy had its price target raised by analysts at CIBC from C$60.00 to C$65.00. They now have an “outperform” rating on the stock.
• 4/19/2024 – Suncor Energy had its price target raised by analysts at National Bankshares, Inc. from C$57.00 to C$75.00. They now have an “outperform” rating on the stock.
• 4/18/2024 – Suncor Energy had its price target raised by analysts at Wells Fargo & Company from C$55.00 to C$60.00. They now have an “overweight” rating on the stock.
• 4/12/2024 – Suncor Energy had its price target raised by analysts at Jefferies Financial Group Inc. from C$50.00 to C$53.00. They now have a “hold” rating on the stock.
• 4/9/2024 – Suncor Energy had its price target raised by analysts at Royal Bank of Canada from C$52.00 to C$58.00.
• 3/28/2024 – Suncor Energy had its price target raised by analysts at BMO Capital Markets from C$52.00 to C$55.00.
• 3/22/2024 – Suncor Energy had its price target raised by analysts at CIBC from C$58.00 to C$60.00. They now have an “outperform” rating on the stock.
• 3/22/2024 – Suncor Energy had its price target raised by analysts at Desjardins from C$46.00 to C$48.50. They now have a “hold” rating on the stock.

Suncor Energy Price Performance

TSE SU traded up C$0.23 during trading hours on Wednesday, reaching C$53.67. The company’s stock had a trading volume of 9,299,464 shares, compared to its average volume of 7,672,043. Suncor Energy Inc. has a 1 year low of C$37.09 and a 1 year high of C$54.32. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52. The company has a market capitalization of C$69.23 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.15 and a beta of 1.52. The firm’s 50-day moving average price is C$50.59 and its 200-day moving average price is C$46.26.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The business had revenue of C$14.14 billion for the quarter, compared to analysts’ expectations of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. On average, equities research analysts predict that Suncor Energy Inc. will post 4.7379873 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were issued a $0.545 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.06%. Suncor Energy’s dividend payout ratio (DPR) is presently 34.44%.

Insider Activity

In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total transaction of C$549,960.00. In related news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total value of C$549,960.00. Corporate insiders own 0.01% of the company’s stock.

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.