Suncor Energy (TSE:SU) Hits New 1-Year High – What’s Next?

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$95.73 and last traded at C$95.51, with a volume of 1692289 shares. The stock had previously closed at C$93.30.

Analyst Upgrades and Downgrades

SU has been the topic of several analyst reports. Jefferies Financial Group boosted their price target on shares of Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. Desjardins boosted their price target on shares of Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Royal Bank Of Canada boosted their price target on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. BMO Capital Markets boosted their price target on shares of Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday, April 1st. Finally, Scotia boosted their price target on shares of Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$93.06.

Suncor Energy Stock Performance

The stock’s 50-day moving average price is C$85.19 and its 200-day moving average price is C$71.17. The company has a market cap of C$112.82 billion, a P/E ratio of 19.60, a PEG ratio of 0.15 and a beta of 0.23. The company has a debt-to-equity ratio of 40.74, a current ratio of 1.39 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. The company had revenue of C$14.48 billion during the quarter. Suncor Energy had a net margin of 12.10% and a return on equity of 13.17%. Equities analysts anticipate that Suncor Energy Inc. will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, March 4th. Suncor Energy’s dividend payout ratio is presently 47.63%.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.