Suncor Energy (TSE:SU) Reaches New 52-Week High on Analyst Upgrade

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU hit a new 52-week high during mid-day trading on Monday after CIBC raised their price target on the stock from C$60.00 to C$65.00. CIBC currently has an outperform rating on the stock. Suncor Energy traded as high as C$53.85 and last traded at C$53.58, with a volume of 1945192 shares. The stock had previously closed at C$52.99.

A number of other research firms have also weighed in on SU. Jefferies Financial Group lifted their price objective on shares of Suncor Energy from C$50.00 to C$53.00 and gave the company a "hold" rating in a research note on Friday, April 12th. National Bankshares boosted their price objective on Suncor Energy from C$57.00 to C$75.00 and gave the company an "outperform" rating in a research note on Friday. Royal Bank of Canada raised their target price on Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. Desjardins increased their price target on shares of Suncor Energy from C$46.00 to C$48.50 and gave the stock a "hold" rating in a report on Friday, March 22nd. Finally, 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. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of "Hold" and an average price target of C$57.19.

Insider Buying and Selling

In other news, Senior Officer Shelley Powell sold 16,400 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other 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 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 stock was sold at an average price of C$45.83, for a total value of C$549,960.00. 0.01% of the stock is currently owned by insiders.

Suncor Energy Stock Up 1.0 %

The firm has a market cap of C$69.07 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.15 and a beta of 1.52. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52. The firm has a fifty day moving average price of C$48.72 and a 200-day moving average price of C$45.72.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of C$14.14 billion for the quarter, compared to analyst estimates of C$11.33 billion. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 4.7415525 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Friday, March 1st. Suncor Energy's dividend payout ratio is currently 34.44%.

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.