Suncor Energy (TSE:SU) Price Target Raised to C$67.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by Royal Bank Of Canada from C$62.00 to C$67.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

SU has been the topic of a number of other reports. Gerdes Energy Research reduced their target price on shares of Suncor Energy from C$79.00 to C$77.00 in a report on Thursday, September 11th. Wells Fargo & Company boosted their target price on shares of Suncor Energy from C$59.00 to C$60.00 and gave the stock an “overweight” rating in a report on Thursday, June 26th. Scotiabank boosted their target price on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. Desjardins boosted their target price on shares of Suncor Energy from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, ATB Capital boosted their target price on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$63.83.

Suncor Energy Trading Down 0.6%

Shares of Suncor Energy stock opened at C$56.65 on Tuesday. The firm has a market capitalization of C$69.54 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 0.15 and a beta of 0.76. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The firm’s 50 day moving average is C$56.32 and its 200 day moving average is C$52.93. Suncor Energy has a 1 year low of C$43.59 and a 1 year high of C$60.48.

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

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Thursday, September 4th. Suncor Energy’s payout ratio is presently 49.67%.

Insider Activity at Suncor Energy

In other Suncor Energy news, insider Shelley Powell sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$58.06, for a total value of C$1,741,650.00. Following the completion of the sale, the insider directly owned 27,705 shares in the company, valued at approximately C$1,608,413.78. This trade represents a 51.99% decrease in their ownership of the stock. Also, insider Kristopher Peter Smith sold 100,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$57.57, for a total transaction of C$5,757,000.00. Following the transaction, the insider owned 48,482 shares in the company, valued at C$2,791,108.74. This represents a 67.35% decrease in their position. Insiders have sold 139,542 shares of company stock worth $8,052,015 over the last ninety days. 0.01% of the stock is owned by corporate insiders.

About Suncor Energy

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.