Suncor Energy (TSE:SU) Given a C$69.00 Price Target at Gerdes Energy Research

Gerdes Energy Research set a C$69.00 price objective on Suncor Energy (TSE:SU) (NYSE:SU) in a report issued on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on SU. Scotiabank lifted their target price on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock in a research report on Wednesday, August 7th. Jefferies Financial Group dropped their price objective 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. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price target on Suncor Energy from C$64.00 to C$66.00 in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$62.32.

Suncor Energy Stock Down 2.0 %

SU stock opened at C$56.93 on Monday. The business’s 50-day moving average price is C$53.63 and its 200-day moving average price is C$53.29. The stock has a market cap of C$72.30 billion, a P/E ratio of 9.78, a PEG ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$58.28.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is currently 37.46%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. 0.01% of the stock is currently owned by corporate 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.