Suncor Energy (TSE:SU) Upgraded at Desjardins

Desjardins upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) from a hold rating to a moderate buy rating in a report released on Thursday,Zacks.com reports.

SU has been the subject of a number of other reports. Jefferies Financial Group reduced their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. TD Securities boosted their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price on the stock in a research note on Wednesday, August 7th. Raymond James boosted their price target on Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday. Finally, Scotiabank increased their price objective on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$61.54.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$57.00 on Thursday. The business has a fifty day moving average price of C$52.72 and a 200-day moving average price of C$53.12. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The company has a market capitalization of C$72.39 billion, a PE ratio of 9.79, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$57.50.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is presently 37.46%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is owned by 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.