Suncor Energy (TSE:SU) Given New C$73.00 Price Target at Desjardins

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective upped by Desjardins from C$71.00 to C$73.00 in a research report report published on Monday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company set a C$57.00 price target on Suncor Energy and gave the stock an “equal weight” rating in a research report on Friday, October 17th. ATB Capital upped their price objective on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. TD Securities boosted their price objective on Suncor Energy from C$67.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. National Bankshares raised their price target on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group increased their target price on Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$65.08.

Suncor Energy Stock Performance

TSE SU opened at C$62.45 on Monday. 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 fifty day moving average price is C$58.01 and its two-hundred day moving average price is C$54.90. Suncor Energy has a 1 year low of C$43.59 and a 1 year high of C$64.14. The firm has a market capitalization of C$75.02 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 0.15 and a beta of 0.61.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$1.48 EPS for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. As a group, research analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Thursday, September 4th. Suncor Energy’s dividend payout ratio is presently 53.15%.

Insider Activity at Suncor Energy

In other news, insider Kristopher Peter Smith sold 112,600 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the transaction, the insider owned 48,482 shares of the company’s stock, valued at C$2,993,278.68. This represents a 69.90% decrease in their position. Also, insider Adam Husain Albeldawi sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of C$58.44, for a total value of C$292,200.00. Insiders sold 252,142 shares of company stock valued at $15,003,939 in the last ninety days. 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.