Suncor Energy (TSE:SU) Price Target Raised to C$77.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by National Bankshares from C$75.00 to C$77.00 in a research report released on Thursday morning, BayStreet.CA reports.

SU has been the topic of several other reports. Royal Bank of Canada boosted their price target on shares of Suncor Energy from C$65.00 to C$67.00 in a research report on Thursday. Desjardins boosted their price target on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a hold rating in a research report on Tuesday, July 23rd. Jefferies Financial Group boosted their price objective on Suncor Energy from C$54.00 to C$62.00 and gave the stock a hold rating in a report on Wednesday, May 22nd. Wells Fargo & Company boosted their price objective on Suncor Energy from C$61.00 to C$66.00 and gave the stock an overweight rating in a report on Wednesday, May 22nd. Finally, CIBC boosted their price objective on Suncor Energy from C$60.00 to C$65.00 and gave the stock an outperform rating in a report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$61.96.

Suncor Energy Price Performance

Shares of TSE SU opened at C$54.48 on Thursday. Suncor Energy has a fifty-two week low of C$40.07 and a fifty-two week high of C$56.69. The firm’s 50-day simple moving average is C$52.24 and its 200 day simple moving average is C$50.60. The company has a quick ratio of 0.83, a current ratio of 1.51 and a debt-to-equity ratio of 36.00. The stock has a market cap of C$69.73 billion, a P/E ratio of 8.98, a P/E/G ratio of 0.15 and a beta of 1.50.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 35.91%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. Company insiders own 0.01% of the company’s stock.

About Suncor Energy

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.