Suncor Energy (TSE:SU) Price Target Raised to C$58.00 at Raymond James

Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by Raymond James from C$57.00 to C$58.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other equities analysts also recently issued reports on SU. 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. JPMorgan Chase & Co. upped their target price on Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. UBS Group raised their price target on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Scotiabank boosted their price objective on Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. Finally, National Bankshares raised their target price on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$62.54.

Suncor Energy Stock Up 0.6 %

SU stock opened at C$55.34 on Friday. The company’s 50 day moving average price is C$53.98 and its 200 day moving average price is C$53.72. The firm has a market capitalization of C$70.28 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a fifty-two week low of C$42.43 and a fifty-two week high of C$58.58. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. During the same period in the prior year, the firm posted $1.52 EPS. On average, equities research analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were issued a $0.57 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

Insider Activity at Suncor Energy

In other news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction that occurred on Thursday, November 14th. The shares were 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 company’s 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. Company insiders own 0.01% of the company’s stock.

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.