Suncor Energy (TSE:SU) PT Lowered to C$55.00 at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its target price decreased by Jefferies Financial Group from C$62.00 to C$55.00 in a research report report published on Monday, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on SU. Royal Bank of Canada set a C$67.00 price objective on shares of Suncor Energy and gave the stock an outperform rating in a report on Friday, September 13th. TD Securities raised shares of Suncor Energy from a hold rating to a buy rating and set a C$59.00 price objective on the stock in a report on Wednesday, August 7th. National Bankshares lifted their target price on shares of Suncor Energy from C$75.00 to C$77.00 in a report on Thursday, August 8th. Wolfe Research raised shares of Suncor Energy to a strong-buy rating in a report on Thursday, July 18th. Finally, BMO Capital Markets raised shares of Suncor Energy from a market perform rating to an outperform rating and set a C$62.00 target price on the stock in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$61.25.

Suncor Energy Stock Up 1.5 %

SU stock opened at C$51.13 on Monday. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$57.32. The company’s 50 day moving average is C$53.12 and its two-hundred day moving average is C$52.18. The stock has a market cap of C$64.94 billion, a P/E ratio of 8.79, a PEG ratio of 0.15 and a beta of 1.49.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.21. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. The company had revenue of C$13.04 billion for the quarter, compared to analysts’ expectations of C$11.59 billion. Research analysts expect that Suncor Energy will post 4.7260019 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th will be given a $0.545 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 4.26%. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insider Activity at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Also, Senior Officer Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. 0.01% of the stock is currently owned by insiders.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.