Suncor Energy (TSE:SU – Free Report) (NYSE:SU) had its price objective lifted by ATB Capital from C$53.00 to C$57.50 in a research report released on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Several other research firms also recently issued reports on SU. BMO Capital Markets lifted their price target on Suncor Energy from C$60.00 to C$62.00 and gave the company a market perform rating in a research note on Wednesday. Royal Bank of Canada lifted their target price on Suncor Energy from C$58.00 to C$60.00 in a research report on Thursday, May 9th. TD Securities upped their price target on Suncor Energy from C$52.00 to C$57.00 and gave the stock a hold rating in a research report on Wednesday. Wells Fargo & Company raised their price target on shares of Suncor Energy from C$61.00 to C$66.00 and gave the stock an overweight rating in a research note on Wednesday. Finally, Desjardins boosted their price objective on shares of 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of Hold and an average price target of C$62.42.
Check Out Our Latest Stock Report on Suncor Energy
Suncor Energy Stock Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. The business had revenue of C$14.14 billion for the quarter, compared to analyst estimates of C$11.33 billion. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. On average, analysts expect that Suncor Energy will post 4.9972527 earnings per share for the current fiscal year.
Suncor Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 36.09%.
Insider Activity
In other news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Insiders own 0.01% of the company’s stock.
Suncor Energy Company Profile
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.
Featured Articles
- Five stocks we like better than Suncor Energy
- What Are Trending Stocks? Trending Stocks Explained
- MarketBeat Week in Review – 5/20 – 5/24
- Breakout Stocks: What They Are and How to Identify Them
- NASDAQ 100 vs. NASDAQ Composite: A Detailed Breakdown of NASDAQ
- 3 Monster Growth Stocks to Buy Now
- These 2 Retail Traders Favorites are Nearing Major Breakouts
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.