Suncor Energy (TSE:SU) Price Target Raised to C$76.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by National Bankshares from C$73.00 to C$76.00 in a report published on Thursday,BayStreet.CA reports.

SU has been the subject of a number of other research reports. Scotiabank increased their target price on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Raymond James upped their price target on shares of Suncor Energy from C$52.00 to C$56.00 in a research report on Thursday. Desjardins boosted their price objective on Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, TD Securities raised their target price on Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$61.54.

Suncor Energy Stock Up 0.3 %

Shares of SU opened at C$57.00 on Thursday. The stock’s 50-day moving average price is C$52.72 and its two-hundred day moving average price is C$53.12. Suncor Energy has a 12 month low of C$40.07 and a 12 month high of C$57.50. The company has a market capitalization of C$72.39 billion, a PE ratio of 9.79, a PEG ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.82%. Suncor Energy’s dividend payout ratio is presently 37.46%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were 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 currently owned by corporate 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.