Suncor Energy (TSE:SU) Reaches New 12-Month High at $53.02

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's share price hit a new 52-week high during trading on Monday . The stock traded as high as C$53.02 and last traded at C$52.42, with a volume of 1515346 shares trading hands. The stock had previously closed at C$53.00.

Analyst Ratings Changes

Several analysts have commented on SU shares. Jefferies Financial Group upped their target price on shares of Suncor Energy from C$47.00 to C$50.00 and gave the company a "hold" rating in a research report on Monday, March 4th. Royal Bank of Canada boosted their price target on shares of Suncor Energy from C$51.00 to C$52.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. CIBC boosted their price target on shares of Suncor Energy from C$58.00 to C$60.00 and gave the company an "outperform" rating in a report on Friday, March 22nd. Desjardins boosted their price target on shares of Suncor Energy from C$46.00 to C$48.50 and gave the company a "hold" rating in a report on Friday, March 22nd. Finally, National Bankshares decreased their price target on shares of Suncor Energy from C$74.00 to C$57.00 and set an "outperform" rating for the company in a report on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of "Hold" and an average target price of C$54.35.

Suncor Energy Stock Performance

The stock has a market capitalization of C$67.78 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52. The company has a current ratio of 1.44, a quick ratio of 0.83 and a debt-to-equity ratio of 36.52. The stock's 50 day moving average is C$46.77 and its two-hundred day moving average is C$45.21.

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, topping analysts' consensus estimates of C$1.05 by C$0.21. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. The company had revenue of C$14.14 billion during the quarter, compared to the consensus estimate of C$11.33 billion. Analysts expect that Suncor Energy Inc. will post 4.793291 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were issued a $0.545 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.15%. Suncor Energy's payout ratio is 34.44%.

Insider Activity

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 shares were sold at an average price of C$45.83, for a total value of C$549,960.00. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. 0.01% of the stock is owned by insiders.

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.