Suncor Energy (TSE:SU) Given New C$68.00 Price Target at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by National Bankshares from C$65.00 to C$68.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on SU. Raymond James dropped their price target on shares of Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. Wells Fargo & Company cut their target price on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. UBS Group raised their price target on Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Jefferies Financial Group boosted their price objective on Suncor Energy from C$54.00 to C$58.00 in a research report on Thursday. Finally, Royal Bank of Canada lowered their target price on Suncor Energy from C$66.00 to C$65.00 in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$62.32.

Suncor Energy Stock Up 0.4 %

SU stock opened at C$55.93 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The firm has a market cap of C$71.03 billion, a PE ratio of 9.61, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1 year low of C$42.43 and a 1 year high of C$58.58. The company has a fifty day simple moving average of C$54.16 and a 200 day simple moving average of C$53.60.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same period in the previous year, the company earned $1.52 earnings per share. Sell-side analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.08%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

Insider Activity

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. 0.01% of the stock is owned by company insiders.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.