Suncor Energy (TSE:SU) Price Target Raised to C$57.00 at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by Jefferies Financial Group from C$53.00 to C$57.00 in a report published on Monday,BayStreet.CA reports.

SU has been the topic of a number of other research reports. TD Securities upped their price target on shares of Suncor Energy from C$62.00 to C$63.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Scotiabank upped their target price on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their price target on Suncor Energy from C$59.00 to C$60.00 and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Desjardins upped their price objective on Suncor Energy from C$64.00 to C$65.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Raymond James Financial lifted their target price on Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a report on Thursday, August 7th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$63.00.

Suncor Energy Stock Down 0.8%

SU opened at C$53.27 on Monday. The company has a market capitalization of C$66.81 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The firm has a 50-day simple moving average of C$53.56 and a two-hundred day simple moving average of C$52.16. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy has a 52 week low of C$43.59 and a 52 week high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, August 5th. The company reported C$0.71 EPS for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. Analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were paid a $0.57 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $2.28 dividend on an annualized basis and a yield of 4.3%. Suncor Energy’s dividend payout ratio (DPR) is 34.42%.

Insider Activity

In related news, Director Russell Girling bought 10,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost of C$50.41 per share, for a total transaction of C$504,100.00. Also, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the company’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of C$55.99, for a total value of C$1,432,478.57. 0.01% of the stock is currently owned by company insiders.

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.