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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$96.09 and last traded at C$95.79, with a volume of 221181 shares. The stock had previously closed at C$93.99.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SU. Jefferies Financial Group boosted their price target on shares of Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Desjardins boosted their price target on shares of Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. TD Securities boosted their price target on shares of Suncor Energy from C$81.00 to C$91.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Finally, Scotiabank boosted their price target on shares of Suncor Energy from C$80.00 to C$85.00 in a report on Wednesday, April 1st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$93.13.

Suncor Energy Stock Performance

The company has a 50-day moving average price of C$88.57 and a two-hundred day moving average price of C$74.26. The stock has a market capitalization of C$110.16 billion, a P/E ratio of 17.74, a PEG ratio of 0.15 and a beta of 0.37. The company has a quick ratio of 0.83, a current ratio of 1.42 and a debt-to-equity ratio of 32.36.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 earnings per share for the quarter. The company had revenue of C$14.48 billion for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. Equities analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 2.6%. Suncor Energy’s dividend payout ratio is currently 44.49%.

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.