Suncor Energy (TSE:SU) Sets New 1-Year High – Should You Buy?

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$97.13 and last traded at C$95.88, with a volume of 345829 shares traded. The stock had previously closed at C$95.29.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SU shares. Gerdes Energy Research downgraded Suncor Energy from a “buy” rating to a “neutral” rating and raised their price target for the company from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. BMO Capital Markets upped their price objective on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a “buy” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. increased their price objective on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$97.69.

Suncor Energy Stock Down 0.0%

The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The stock’s 50 day moving average price is C$90.32 and its 200-day moving average price is C$87.29. The company has a market cap of C$111.47 billion, a PE ratio of 12.72, a PEG ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. The company had revenue of C$17.50 billion for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. On average, analysts predict that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 31.64%.

Insider Transactions at Suncor Energy

In related news, insider Richard Michael Kruger sold 15,378 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of C$94.84, for a total transaction of C$1,458,449.52. Also, insider David Jason Oldreive sold 4,542 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$95.01, for a total value of C$431,535.42. In the last 90 days, insiders have sold 65,404 shares of company stock valued at $5,898,507. 0.01% of the stock is currently owned by corporate insiders.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.