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

Suncor Energy (TSE:SU) (NYSE:SU) had its price target upped by Scotiabank from C$59.00 to C$62.00 in a report released on Wednesday,BayStreet.CA reports.

Several other brokerages have also recently issued reports on SU. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Royal Bank of Canada lowered their price target on shares of Suncor Energy from C$67.00 to C$64.00 in a research report on Tuesday, September 17th. Jefferies Financial Group cut their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. National Bankshares lowered their target price on Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th. Finally, BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$61.54.

Suncor Energy Stock Performance

TSE SU opened at C$57.00 on Wednesday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$57.50. The company has a market cap of C$72.39 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The stock’s 50 day simple moving average is C$52.72 and its 200-day simple moving average is C$53.12.

Suncor Energy Dividend Announcement

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

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Company 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.