Suncor Energy (TSE:SU) Reaches New 12-Month High – Time to Buy?

Suncor Energy Inc. (TSE:SU) (NYSE:SU) shares hit a new 52-week high on Monday. The stock traded as high as C$112.00 and last traded at C$111.66, with a volume of 814,065 shares changing hands. The stock had previously closed at C$111.18.

Analyst Ratings Changes

A number of research firms have issued reports on SU. JPMorgan Chase & Co. boosted their price objective on shares of Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. BMO Capital Markets increased their target price on shares of Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. National Bank Financial cut their target price on Suncor Energy from C$146.00 to C$145.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 20th. ATB Cormark Capital Markets boosted their price target on Suncor Energy from C$100.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Finally, TD upped their price target on Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$103.06.

Suncor Energy Trading Up 1.9%

The company has a market capitalization of C$127.52 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.15 and a beta of 0.18. The stock’s 50 day moving average is C$98.74 and its 200-day moving average is C$87.23. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. The business had revenue of C$17.50 billion for the quarter. As a group, equities research analysts anticipate that Suncor Energy Inc. will post 4.42 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 31.64%.

Insider Activity at Suncor Energy

In other Suncor Energy news, insider Peter Douglas Zebedee sold 5,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of C$98.00, for a total value of C$490,000.00. Also, insider David Jason Oldreive sold 5,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of C$98.00, for a total value of C$490,000.00. Insiders sold a total of 79,792 shares of company stock valued at $7,294,928 over the last ninety days. Insiders own 0.01% of the company’s stock.

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.