Suncor Energy (TSE:SU) Price Target Raised to C$54.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by Desjardins from C$48.50 to C$54.00 in a research note published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other analysts have also recently issued reports about the company. TD Securities upped their target price on Suncor Energy from C$46.00 to C$48.00 and gave the company a hold rating in a research report on Thursday, February 22nd. Royal Bank of Canada upped their price objective on Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. Jefferies Financial Group upped their price objective on Suncor Energy from C$50.00 to C$53.00 and gave the company a hold rating in a research note on Friday, April 12th. BMO Capital Markets upped their price objective on Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. Finally, National Bankshares upped their price objective 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. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Suncor Energy currently has a consensus rating of Hold and an average target price of C$57.62.

Suncor Energy Trading Up 0.2 %

TSE:SU opened at C$53.88 on Tuesday. The stock has a 50-day simple moving average of C$49.34 and a 200-day simple moving average of C$45.90. The stock has a market cap of C$69.51 billion, a P/E ratio of 8.51, a P/E/G ratio of 0.15 and a beta of 1.52. Suncor Energy has a 1 year low of C$37.09 and a 1 year high of C$54.10. The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.83 and a current ratio of 1.44.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The business had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. As a group, analysts anticipate that Suncor Energy will post 4.7415525 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy’s payout ratio is 34.44%.

Insider Transactions at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’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. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total value of C$549,960.00. Corporate insiders own 0.01% of the company’s stock.

About Suncor Energy

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.