Suncor Energy (TSE:SU) PT Raised to C$54.00

Suncor Energy (TSE:SU - Free Report) NYSE: SU had its price objective hoisted by Desjardins from C$48.50 to C$54.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

SU has been the topic of several other research reports. TD Securities upped their price target on shares of Suncor Energy from C$46.00 to C$48.00 and gave the stock a hold rating in a research report on Thursday, February 22nd. Royal Bank of Canada upped their price target on shares of Suncor Energy from C$52.00 to C$58.00 in a research report on Tuesday, April 9th. BMO Capital Markets upped their price target on shares of Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th. Jefferies Financial Group upped their price target on 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. Finally, Wells Fargo & Company increased their target price on Suncor Energy from C$55.00 to C$60.00 and gave the stock an overweight rating in a research note on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$57.62.

Suncor Energy Price Performance

Shares of SU traded down C$0.07 during trading hours on Tuesday, hitting C$53.47. The stock had a trading volume of 3,456,968 shares, compared to its average volume of 7,928,513. The company's fifty day moving average is C$48.72 and its two-hundred day moving average is C$45.72. 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$53.85. The stock has a market capitalization of C$68.98 billion, a price-to-earnings ratio of 8.45, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The business had revenue of C$14.14 billion for the quarter, compared to the consensus estimate of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. On average, analysts anticipate that Suncor Energy will post 4.7415525 EPS for the current year.

Suncor Energy Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Friday, March 1st. Suncor Energy's payout ratio is 34.44%.

Insider Buying and Selling

In related news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy 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 value of C$751,776.00. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the business's 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 value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business's 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. 0.01% of the stock is owned by insiders.

About Suncor Energy

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.