Suncor Energy (TSE:SU) Price Target Increased to C$52.00 by Analysts at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by TD Securities from C$50.00 to C$52.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also recently commented on SU. Wells Fargo & Company raised their target price on shares of Suncor Energy from C$55.00 to C$60.00 and gave the stock an overweight rating in a report on Thursday, April 18th. Desjardins lifted their price objective on Suncor Energy from C$48.50 to C$54.00 and gave the company a hold rating in a report on Tuesday, April 23rd. CIBC increased their target price on Suncor Energy from C$60.00 to C$65.00 and gave the stock an outperform rating in a report on Monday, April 22nd. Jefferies Financial Group raised their price target on Suncor Energy from C$50.00 to C$53.00 and gave the stock a hold rating in a research report on Friday, April 12th. Finally, National Bankshares upped their target price on Suncor Energy from C$57.00 to C$75.00 and gave the stock an outperform rating in a research note on Friday, April 19th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$57.92.

Suncor Energy Stock Performance

SU opened at C$53.67 on Wednesday. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83. The business has a fifty day simple moving average of C$50.59 and a 200 day simple moving average of C$46.26. Suncor Energy has a 1 year low of C$37.09 and a 1 year high of C$54.32. The company has a market capitalization of C$69.23 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. The company had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. Research analysts expect that Suncor Energy will post 4.7379873 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were issued a $0.545 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a yield of 4.06%. Suncor Energy’s payout ratio is 34.44%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. 0.01% of the stock is owned by corporate insiders.

Suncor Energy Company Profile

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.