Suncor Energy (TSE:SU) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by Jefferies Financial Group from C$54.00 to C$58.00 in a research note released on Tuesday morning,BayStreet.CA reports.

Several other equities analysts have also recently commented on SU. National Bankshares reduced their target price on Suncor Energy from C$76.00 to C$65.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Gerdes Energy Research set a C$69.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a research note on Monday, November 25th. TD Securities boosted their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Royal Bank of Canada reduced their price target on shares of Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Finally, Raymond James lowered their price objective on Suncor Energy from C$56.00 to C$55.00 in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$62.11.

Suncor Energy Stock Performance

Shares of SU stock opened at C$56.66 on Tuesday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The company’s fifty day moving average price is C$54.29 and its two-hundred day moving average price is C$53.49. The firm has a market capitalization of C$71.96 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy has a 12 month low of C$42.40 and a 12 month high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, topping the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same period in the previous year, the business earned $1.52 EPS. On average, research analysts anticipate that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were given a dividend of $0.57 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 4.02%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.55. Suncor Energy’s payout ratio is currently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. 0.01% of the stock is 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.