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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) shares reached a new 52-week high on Thursday. The stock traded as high as C$100.64 and last traded at C$100.38, with a volume of 801,758 shares changing hands. The stock had previously closed at C$97.26.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SU. JPMorgan Chase & Co. upped their price objective on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. Raymond James Financial raised their target price on Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. TD boosted their target price 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. Gerdes Energy Research downgraded Suncor Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Finally, BMO Capital Markets increased their price target on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$100.94.

Suncor Energy Stock Up 2.1%

The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The stock’s 50 day simple moving average is C$94.16 and its 200 day simple moving average is C$89.73. The firm has a market cap of C$120.52 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18.

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

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.40 annualized dividend and a yield of 2.3%. Suncor Energy’s dividend payout ratio (DPR) is presently 31.64%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, insider Peter Douglas Zebedee sold 5,000 shares of Suncor Energy stock in a transaction dated Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00. Also, insider Richard Michael Kruger sold 15,378 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$94.84, for a total value of C$1,458,449.52. In the last three months, insiders have sold 79,792 shares of company stock worth $7,294,928. 0.01% of the stock is currently owned by corporate insiders.

About Suncor Energy

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.