Suncor Energy (TSE:SU) PT Set at C$52.00 by Raymond James

Raymond James set a C$52.00 price target on Suncor Energy (TSE:SU) (NYSE:SU) in a research note issued to investors on Tuesday, BayStreet.CA reports.

Several other research analysts have also recently issued reports on SU. National Bankshares decreased their target price on shares of Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th. Royal Bank of Canada cut their target price on Suncor Energy from C$67.00 to C$64.00 in a research note on Tuesday, September 17th. Desjardins boosted their price target on Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Scotiabank dropped their price objective on Suncor Energy from C$61.00 to C$60.00 in a research report on Friday, July 12th. Finally, Wolfe Research raised Suncor Energy to a “strong-buy” rating in a research report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$60.04.

Suncor Energy Trading Up 0.4 %

SU opened at C$54.00 on Tuesday. The firm has a market capitalization of C$68.58 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a one year low of C$40.07 and a one year high of C$57.32. The business has a 50 day simple moving average of C$53.13 and a two-hundred day simple moving average of C$52.82. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, topping the consensus estimate of C$1.06 by C$0.21. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. The business had revenue of C$13.04 billion during the quarter, compared to analyst estimates of C$11.59 billion. Analysts predict that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is currently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is 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.