Suncor Energy (TSE:SU) Price Target Raised to C$118.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lifted by Raymond James Financial from C$109.00 to C$118.00 in a research note issued to investors on Wednesday,BayStreet reports. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on SU. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. TD lifted their price target on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. JPMorgan Chase & Co. increased their target price on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. Finally, BMO Capital Markets boosted their price target on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$98.25.

Suncor Energy Trading Down 0.2%

Shares of SU stock opened at C$97.09 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. The business has a 50-day moving average price of C$91.87 and a two-hundred day moving average price of C$88.01. Suncor Energy has a 12-month low of C$53.02 and a 12-month high of C$100.24. The firm has a market cap of C$113.56 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. The firm had revenue of C$17.50 billion during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. Equities analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a 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%.

Insiders Place Their Bets

In other Suncor Energy news, insider David Jason Oldreive sold 5,000 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of C$98.00, for a total value of C$490,000.00. Also, insider Peter Douglas Zebedee sold 5,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00. Over the last 90 days, insiders have sold 79,792 shares of company stock worth $7,294,928. 0.01% of the stock is currently owned by 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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.