CIBC Raises Suncor Energy (TSE:SU) Price Target to C$65.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by CIBC from C$60.00 to C$65.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also issued reports on SU. Royal Bank of Canada boosted their price target on shares of Suncor Energy from C$52.00 to C$58.00 in a report on Tuesday, April 9th. BMO Capital Markets boosted their price objective on shares of Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th. National Bankshares boosted their price objective on shares of Suncor Energy from C$57.00 to C$75.00 and gave the company an outperform rating in a research report on Friday. Wells Fargo & Company boosted their price objective on shares of Suncor Energy from C$55.00 to C$60.00 and gave the company an overweight rating in a research report on Thursday, April 18th. Finally, TD Securities boosted their price objective on shares of Suncor Energy from C$46.00 to C$48.00 and gave the company a hold rating in a research report on Thursday, February 22nd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of C$57.19.

Suncor Energy Stock Up 1.0 %

TSE SU opened at C$53.54 on Monday. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83. The company’s 50 day simple moving average is C$48.72 and its 200 day simple moving average is C$45.72. Suncor Energy has a 12 month low of C$37.09 and a 12 month high of C$53.85. The company has a market capitalization of C$69.07 billion, a P/E ratio of 8.46, a PEG ratio of 0.15 and a beta of 1.52.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. The business had revenue of C$14.14 billion for the quarter, compared to the consensus estimate of C$11.33 billion. Equities research analysts expect that Suncor Energy will post 4.7415525 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy’s payout ratio is currently 34.44%.

Insider Activity at Suncor Energy

In related news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. Corporate insiders own 0.01% of the company’s stock.

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.