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

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

Several other analysts have also recently issued reports on the company. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the company a “buy” rating in a research note on Monday, November 25th. Royal Bank of Canada reduced their price target on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. National Bankshares lowered their price objective on Suncor Energy from C$76.00 to C$65.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. UBS Group raised their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Four research 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$62.11.

Suncor Energy Stock Performance

TSE SU 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 has a market cap 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. The stock has a 50-day moving average of C$54.29 and a two-hundred day moving average of C$53.49. Suncor Energy has a 1-year low of C$42.40 and a 1-year high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$1.48 earnings per share 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 previous year, the company earned $1.52 earnings per share. As a group, analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were issued a dividend of $0.57 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.28 annualized dividend and a dividend yield of 4.02%. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

Insider Transactions at Suncor Energy

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