Suncor Energy (TSE:SU) Price Target Increased to C$62.00 by Analysts at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by Jefferies Financial Group from C$54.00 to C$62.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

SU has been the topic of several other reports. Wells Fargo & Company lifted 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 research report on Thursday, April 18th. National Bankshares lifted their price target on shares of Suncor Energy from C$57.00 to C$75.00 and gave the stock an outperform rating in a report on Friday, April 19th. CIBC boosted their price objective on shares of Suncor Energy from C$60.00 to C$65.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. Desjardins raised their target price on Suncor Energy from C$48.50 to C$54.00 and gave the stock a hold rating in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets upped their price target on Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Suncor Energy has an average rating of Hold and an average target price of C$62.42.

Suncor Energy Trading Down 0.2 %

TSE SU opened at C$55.06 on Wednesday. The company has a market cap of C$70.48 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.15 and a beta of 1.50. Suncor Energy has a twelve month low of C$37.09 and a twelve month high of C$56.69. The company has a quick ratio of 0.83, a current ratio of 1.51 and a debt-to-equity ratio of 36.00. The business’s fifty day moving average is C$52.51 and its 200 day moving average is C$47.09.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results 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 the consensus estimate of C$11.33 billion. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. As a group, sell-side analysts expect that Suncor Energy will post 4.9972527 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, June 4th. Suncor Energy’s dividend payout ratio is 36.09%.

Insider Buying and Selling

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. 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.