TD Securities Issues Positive Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by TD Securities from C$60.00 to C$62.00 in a research note released on Wednesday,BayStreet.CA reports.

A number of other research firms also recently issued reports on SU. Royal Bank of Canada cut their target price on shares of Suncor Energy from C$67.00 to C$64.00 in a research report on Tuesday, September 17th. Wolfe Research upgraded Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. National Bankshares lowered their target price on Suncor Energy from C$77.00 to C$73.00 in a research note on Friday, September 27th. Jefferies Financial Group cut their price target on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Finally, Raymond James set a C$52.00 price objective on shares of Suncor Energy in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$61.54.

Suncor Energy Trading Up 0.3 %

Shares of TSE SU opened at C$57.00 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. Suncor Energy has a one year low of C$40.07 and a one year high of C$57.50. The business has a 50-day moving average price of C$52.61 and a two-hundred day moving average price of C$53.10. The firm has a market capitalization of C$72.39 billion, a PE ratio of 9.82, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 annualized dividend and a yield of 3.82%. Suncor Energy’s dividend payout ratio is 37.46%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. 0.01% of the stock is owned by company 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.