Suncor Energy (TSE:SU – Free Report) NYSE: SU had its price target raised by Wells Fargo & Company from C$55.00 to C$60.00 in a research note published on Thursday morning, BayStreet.CA reports. Wells Fargo & Company currently has an overweight rating on the stock.
A number of other equities analysts have also issued reports on the company. National Bankshares lowered their price target on Suncor Energy from C$74.00 to C$57.00 and set an outperform rating on the stock in a report on Wednesday, January 10th. TD Securities raised their price objective on shares of 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. CIBC raised their price objective on shares of Suncor Energy from C$58.00 to C$60.00 and gave the company an outperform rating in a research report on Friday, March 22nd. Royal Bank of Canada raised their price objective on shares of Suncor Energy from C$52.00 to C$58.00 in a research report on Tuesday, April 9th. Finally, Desjardins raised their price objective on shares of Suncor Energy from C$46.00 to C$48.50 and gave the company a hold rating in a research report on Friday, March 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 currently has a consensus rating of Hold and a consensus target price of C$55.42.
Get Our Latest Stock Report on SU
Suncor Energy Stock Performance
Shares of SU stock traded up C$0.21 during mid-day trading on Thursday, hitting C$52.39. 3,598,304 shares of the stock were exchanged, compared to its average volume of 8,113,123. 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 has a 12-month low of C$37.09 and a 12-month high of C$53.78. The stock’s fifty day simple moving average is C$48.14 and its two-hundred day simple moving average is C$45.55. The stock has a market capitalization of C$67.58 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 0.15 and a beta of 1.52.
Suncor Energy (TSE:SU – Get Free Report) NYSE: SU last released its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The firm had revenue of C$14.14 billion for the quarter, compared to analyst estimates of C$11.33 billion. On average, analysts forecast that Suncor Energy 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 dividend of $0.545 per share. The ex-dividend date was Friday, March 1st. This represents a $2.18 annualized dividend and a dividend yield of 4.16%. Suncor Energy’s dividend payout ratio is currently 34.44%.
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 shares were sold at an average price of C$45.84, for a total value of C$751,776.00. In related news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction 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 Suncor Energy stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. 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.
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