Suncor Energy (TSE:SU – Free Report) (NYSE:SU) had its target price raised by Desjardins from C$48.50 to C$54.00 in a research report report published on Tuesday morning, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.
Other research analysts have also recently issued reports about the company. Royal Bank of Canada increased their price target on Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. National Bankshares increased their price target on Suncor Energy from C$57.00 to C$75.00 and gave the company an outperform rating in a research note on Friday, April 19th. BMO Capital Markets increased their price target on Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. Wells Fargo & Company raised their target price on Suncor Energy from C$55.00 to C$60.00 and gave the stock an overweight rating in a research report on Thursday, April 18th. Finally, CIBC raised their target price on Suncor Energy from C$60.00 to C$65.00 and gave the stock an outperform rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of C$57.62.
Get Our Latest Stock Analysis on SU
Suncor Energy Trading Down 0.1 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The company had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. Equities analysts predict that Suncor Energy will post 4.7415525 EPS for the current fiscal year.
Suncor Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Friday, March 1st. Suncor Energy’s dividend payout ratio (DPR) is presently 34.44%.
Insider Transactions at Suncor Energy
In other news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. In other news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Corporate insiders own 0.01% of the company’s stock.
Suncor Energy Company Profile
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.
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