Suncor Energy (TSE:SU) Given a C$69.00 Price Target at Gerdes Energy Research

Gerdes Energy Research set a C$69.00 price objective on Suncor Energy (TSE:SU) (NYSE:SU) in a report published on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on SU. Jefferies Financial Group dropped their price objective on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. National Bankshares upped their price objective on shares of Suncor Energy from C$73.00 to C$76.00 in a research report on Thursday, November 14th. TD Securities lifted their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$62.32.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at C$55.77 on Monday. The company has a market cap of C$70.83 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$58.28. The business has a 50 day moving average price of C$53.95 and a 200-day moving average price of C$53.35.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of the stock in a transaction 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 business’s stock in a transaction on Monday, November 18th. The shares were 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 currently owned by company 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.