Suncor Energy (TSE:SU) Given New C$75.00 Price Target at Raymond James Financial

Suncor Energy (TSE:SU) (NYSE:SU) had its target price increased by Raymond James Financial from C$70.00 to C$75.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

SU has been the topic of several other reports. UBS Group upped their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Wednesday, November 5th. Gerdes Energy Research upped their price target on shares of Suncor Energy from C$75.00 to C$78.00 in a research note on Monday, November 10th. Desjardins raised their price objective on shares of Suncor Energy from C$73.00 to C$74.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. boosted their price objective on Suncor Energy from C$59.00 to C$64.00 in a report on Thursday, November 6th. Finally, Royal Bank Of Canada upped their target price on Suncor Energy from C$62.00 to C$67.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of C$67.08.

Suncor Energy Trading Up 0.4%

TSE SU opened at C$62.70 on Wednesday. Suncor Energy has a 52 week low of C$43.59 and a 52 week high of C$64.14. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The stock’s 50 day moving average price is C$60.63 and its two-hundred day moving average price is C$57.06. The stock has a market capitalization of C$75.32 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 0.15 and a beta of 0.79.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. The company had revenue of C$12.55 billion for the quarter. As a group, analysts anticipate that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.60 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Wednesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 3.8%. Suncor Energy’s dividend payout ratio is 53.15%.

Insider Activity

In other news, insider Kristopher Peter Smith sold 112,600 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the sale, the insider directly owned 48,482 shares of the company’s stock, valued at approximately C$2,993,278.68. This represents a 69.90% decrease in their position. Also, insider Peter Douglas Zebedee sold 43,364 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$62.53, for a total value of C$2,711,550.92. In the last three months, insiders sold 164,675 shares of company stock worth $10,208,871. 0.01% of the stock is currently owned by company 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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.