Suncor Energy (TSE:SU) Sets New 1-Year High – What’s Next?

Suncor Energy Inc. (TSE:SU) (NYSE:SU) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$62.68 and last traded at C$62.62, with a volume of 677214 shares trading hands. The stock had previously closed at C$62.17.

Analysts Set New Price Targets

A number of brokerages have weighed in on SU. Desjardins upped their price objective on shares of Suncor Energy from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Gerdes Energy Research lifted their price objective on Suncor Energy from C$75.00 to C$78.00 in a research note on Monday, November 10th. TD Securities boosted their target price on Suncor Energy from C$67.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wells Fargo & Company set a C$57.00 price target on Suncor Energy and gave the stock an “equal weight” rating in a research report on Friday, October 17th. Finally, Royal Bank Of Canada increased 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 research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$64.42.

Suncor Energy Stock Up 0.4%

The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The company’s fifty day moving average is C$57.38 and its 200-day moving average is C$54.26. The company has a market cap of C$74.97 billion, a PE ratio of 14.55, a PEG ratio of 0.15 and a beta of 0.61.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$1.34 earnings per share for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%.The firm had revenue of C$12.55 billion for the quarter. On average, analysts predict that Suncor Energy Inc. will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.28 annualized dividend and a dividend yield of 3.7%. Suncor Energy’s dividend payout ratio is presently 53.15%.

Insider Buying and Selling at Suncor Energy

In other news, insider Adam Husain Albeldawi sold 5,000 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of C$58.44, for a total value of C$292,200.00. Also, 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 value of C$1,741,650.00. Following the transaction, the insider owned 27,705 shares in the company, valued at C$1,608,413.78. This trade represents a 51.99% decrease in their ownership of the stock. In the last ninety days, insiders sold 252,142 shares of company stock worth $15,003,939. 0.01% of the stock is owned by corporate insiders.

Suncor Energy Company Profile

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.