Suncor Energy (TSE:SU) Hits New 12-Month High – Should You Buy?

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s share price reached a new 52-week high on Tuesday. The stock traded as high as C$110.98 and last traded at C$110.63, with a volume of 2,968,660 shares. The stock had previously closed at C$110.25.

Analyst Ratings Changes

Several research firms have weighed in on SU. TD increased their target price on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Gerdes Energy Research cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. ATB Cormark Capital Markets boosted their price target on shares of Suncor Energy from C$108.00 to C$110.00 and gave the company an “outperform” rating in a report on Tuesday, October 6th. Finally, Raymond James Financial upped their price objective on shares of Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$101.56.

Suncor Energy Stock Up 0.3%

The firm has a fifty day simple moving average of C$96.47 and a 200-day simple moving average of C$90.47. The company has a market capitalization of C$129.40 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.15 and a beta of 0.18. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. The company had revenue of C$17.50 billion for the quarter. On average, equities research analysts expect that Suncor Energy Inc. will post 4.42 EPS for the current fiscal year.

Suncor Energy Announces Dividend

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

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, insider Adam Husain Albeldawi sold 1,173 shares of Suncor Energy stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$95.01, for a total value of C$111,446.73. Also, insider Curtis Wade Serra sold 2,400 shares of Suncor Energy stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$94.03, for a total transaction of C$225,672.00. Insiders sold 79,792 shares of company stock worth $7,294,928 in the last quarter. Company 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.