Suncor Energy (TSE:SU) PT Raised to C$53.00 at Jefferies Financial Group

Suncor Energy (TSE:SU - Free Report) NYSE: SU had its price objective upped by Jefferies Financial Group from C$50.00 to C$53.00 in a research note issued to investors on Friday, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company reduced their price objective on Suncor Energy from C$59.00 to C$55.00 in a research note on Thursday, December 14th. National Bankshares reduced their price objective on Suncor Energy from C$74.00 to C$57.00 and set an outperform rating for the company in a research note on Wednesday, January 10th. Royal Bank of Canada raised their price objective on Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday. Desjardins raised their price objective on Suncor Energy from C$46.00 to C$48.50 and gave the company a hold rating in a research note on Friday, March 22nd. Finally, CIBC raised their target price on Suncor Energy from C$58.00 to C$60.00 and gave the company an outperform rating in a report on Friday, March 22nd. Six investment 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, the company has a consensus rating of Hold and an average target price of C$55.04.

Suncor Energy Trading Down 1.0 %

TSE SU traded down C$0.55 during trading hours on Friday, hitting C$51.92. 2,861,256 shares of the company's stock were exchanged, compared to its average volume of 8,326,729. The company has a current ratio of 1.44, a quick ratio of 0.83 and a debt-to-equity ratio of 36.52. Suncor Energy has a 1-year low of C$37.09 and a 1-year high of C$53.78. The stock has a 50-day simple moving average of C$47.45 and a 200 day simple moving average of C$45.41. The firm has a market cap of C$66.98 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.15 and a beta of 1.52.

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 EPS for the quarter, beating analysts' consensus estimates of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The firm had revenue of C$14.14 billion during the quarter, compared to analysts' expectations of C$11.33 billion. On average, equities analysts forecast that Suncor Energy will post 4.793291 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were issued a dividend of $0.545 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a yield of 4.20%. Suncor Energy's dividend payout ratio (DPR) is currently 34.44%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy 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. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the business's stock in a transaction on Tuesday, February 27th. The stock was 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 business's stock in a transaction 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. 0.01% of the stock is currently owned by corporate 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.