Suncor Energy (TSE:SU) Price Target Raised to C$65.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by UBS Group from C$61.00 to C$65.00 in a report published on Wednesday,BayStreet.CA reports.

A number of other brokerages have also recently commented on SU. TD Securities upped their price target on Suncor Energy from C$62.00 to C$63.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada upped their price objective on shares of Suncor Energy from C$62.00 to C$67.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Scotiabank lifted their target price on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. Gerdes Energy Research lowered their price target on shares of Suncor Energy from C$79.00 to C$77.00 in a research report on Thursday, September 11th. Finally, Jefferies Financial Group upped their price target on shares of Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$64.33.

Suncor Energy Stock Performance

Shares of SU stock opened at C$59.76 on Wednesday. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The firm has a market cap of C$71.79 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 0.15 and a beta of 0.61. Suncor Energy has a 52 week low of C$43.59 and a 52 week high of C$60.48. The firm’s 50-day simple moving average is C$56.84 and its two-hundred day simple moving average is C$53.75.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, August 5th. The company reported C$0.71 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. As a group, equities analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were paid a $0.57 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.8%. Suncor Energy’s dividend payout ratio is 53.15%.

Insider Activity at Suncor Energy

In related news, insider Shelley Powell sold 30,000 shares of Suncor Energy stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$58.06, for a total transaction of C$1,741,650.00. Following the transaction, the insider owned 27,705 shares in the company, valued at approximately C$1,608,413.78. The trade was a 51.99% decrease in their position. Also, insider David Jason Oldreive sold 4,542 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$57.50, for a total value of C$261,165.00. Insiders have sold 139,542 shares of company stock worth $8,052,015 in the last 90 days. Company insiders own 0.01% of the company’s stock.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.