Suncor Energy (TSE:SU) Hits New 52-Week High at $54.15

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$54.15 and last traded at C$53.89, with a volume of 369472 shares. The stock had previously closed at C$53.87.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SU. TD Securities increased their target price on shares of Suncor Energy from C$46.00 to C$48.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their target price on shares of Suncor Energy from C$55.00 to C$60.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. National Bankshares increased their price target on shares of Suncor Energy from C$57.00 to C$75.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Royal Bank of Canada increased their price target on shares of Suncor Energy from C$52.00 to C$58.00 in a research report on Tuesday, April 9th. Finally, CIBC increased their price target on shares of Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$57.62.

Suncor Energy Stock Down 3.2 %

The stock has a market capitalization of C$67.76 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52. The company has a current ratio of 1.44, a quick ratio of 0.83 and a debt-to-equity ratio of 36.52. The company’s 50-day moving average is C$49.88 and its 200 day moving average is C$46.07.

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

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Friday, March 1st. Suncor Energy’s payout ratio is currently 34.44%.

Insider Activity at Suncor Energy

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

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.