Royal Bank of Canada Raises Suncor Energy (TSE:SU) Price Target to C$58.00

Suncor Energy (TSE:SU - Free Report) NYSE: SU had its target price lifted by Royal Bank of Canada from C$52.00 to C$58.00 in a report issued on Tuesday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on SU. BMO Capital Markets upped their target price on shares of Suncor Energy from C$52.00 to C$55.00 in a report on Thursday, March 28th. CIBC upped 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 research note on Friday, March 22nd. Wells Fargo & Company decreased their price target on shares of Suncor Energy from C$59.00 to C$55.00 in a research note on Thursday, December 14th. National Bankshares decreased their price target on shares of Suncor Energy from C$74.00 to C$57.00 and set an outperform rating on the stock in a research note on Wednesday, January 10th. Finally, Jefferies Financial Group upped their price target on shares of 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of C$54.81.

Suncor Energy Stock Up 0.1 %

TSE:SU traded up C$0.05 on Tuesday, hitting C$52.59. 3,589,652 shares of the company's stock were exchanged, compared to its average volume of 8,478,646. The firm has a 50-day moving average price of C$46.94 and a 200-day moving average price of C$45.26. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83. Suncor Energy has a 52 week low of C$37.09 and a 52 week high of C$53.02. The company has a market cap of C$67.84 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The firm had revenue of C$14.14 billion for the quarter, compared to analysts' expectations of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. As a group, analysts expect that Suncor Energy will post 4.793291 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

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

Insider Activity

In other news, Senior Officer Shelley Powell sold 16,400 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were 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 on 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 on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total transaction of C$549,960.00. 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.