Suncor Energy (TSE:SU) Sets New 12-Month High at $50.60

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU reached a new 52-week high on Monday . The company traded as high as C$50.60 and last traded at C$50.50, with a volume of 1200615 shares. The stock had previously closed at C$49.99.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SU shares. CIBC upped their price target on Suncor Energy from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. BMO Capital Markets lifted their price target on Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on Suncor Energy from C$59.00 to C$52.00 and set a "neutral" rating on the stock in a research note on Friday, December 8th. Jefferies Financial Group boosted their target price on Suncor Energy from C$47.00 to C$50.00 and gave the company a "hold" rating in a research note on Monday, March 4th. Finally, Wells Fargo & Company reduced their target price on Suncor Energy from C$59.00 to C$55.00 in a research note on Thursday, December 14th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Suncor Energy has an average rating of "Hold" and a consensus price target of C$54.46.

Suncor Energy Stock Up 1.3 %

The company has a 50 day moving average price of C$45.90 and a two-hundred day moving average price of C$45.04. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83. The stock has a market cap of C$65.33 billion, a PE ratio of 8.00, a PEG ratio of 0.15 and a beta of 1.51.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating analysts' consensus estimates of C$1.05 by C$0.21. The company had revenue of C$14.14 billion during the quarter, compared to analysts' expectations of C$11.33 billion. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. Analysts expect that Suncor Energy Inc. will post 4.7390892 EPS for the current year.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy's payout ratio is 34.44%.

Insiders Place Their Bets

In other news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. In related news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total value of C$549,960.00. Company 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.