Suncor Energy (TSE:SU) Hits New 1-Year High – Still a Buy?

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$70.55 and last traded at C$70.08, with a volume of 1562893 shares trading hands. The stock had previously closed at C$68.72.

Analyst Ratings Changes

A number of analysts have commented on the company. Raymond James Financial lifted their target price on Suncor Energy from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. TD Securities lifted their price objective on Suncor Energy from C$71.00 to C$73.00 and gave the stock a “buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. boosted their target price on Suncor Energy from C$59.00 to C$64.00 in a research report on Thursday, November 6th. National Bankshares dropped their price target on shares of Suncor Energy from C$73.00 to C$72.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. Finally, Scotiabank lifted their price target on shares of Suncor Energy from C$62.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$68.23.

Suncor Energy Stock Up 1.6%

The company has a market cap of C$83.91 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 0.15 and a beta of 0.79. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The company has a fifty day moving average of C$62.56 and a 200 day moving average of C$58.21.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%.The business had revenue of C$12.55 billion during the quarter. On average, research analysts anticipate that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th were paid a $0.60 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Wednesday, December 3rd. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. Suncor Energy’s dividend payout ratio (DPR) is currently 53.15%.

Insider Buying and Selling

In related news, insider Kristopher Peter Smith sold 112,600 shares of Suncor Energy stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the transaction, the insider directly owned 48,482 shares in the company, valued at approximately C$2,993,278.68. The trade was a 69.90% decrease in their ownership of the stock. Also, insider Troy Ward Little sold 8,711 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of C$62.61, for a total value of C$545,395.71. In the last three months, insiders have sold 164,675 shares of company stock valued at $10,208,871. 0.01% of the stock is owned by company insiders.

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.