Suncor Energy Inc. (SU) Receives Outperform Rating from Scotiabank
A number of other brokerages have also issued reports on SU. RBC Capital Markets boosted their price target on Suncor Energy from C$47.00 to C$50.00 in a report on Thursday, December 15th. Royal Bank Of Canada boosted their price target on Suncor Energy from C$47.00 to C$50.00 in a report on Thursday, December 15th. Raymond James Financial, Inc. restated an outperform rating and set a C$50.00 target price on shares of Suncor Energy in a report on Thursday, February 9th. Desjardins upgraded Suncor Energy from a hold rating to a buy rating and upped their target price for the stock from C$41.00 to C$50.00 in a report on Thursday, December 1st. Finally, BMO Capital Markets upped their target price on Suncor Energy from C$50.00 to C$52.00 in a report on Wednesday, December 21st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$47.07.
Shares of Suncor Energy (TSE:SU) traded up 0.09% during mid-day trading on Friday, hitting $42.49. The company had a trading volume of 2,112,962 shares. The company has a market capitalization of $70.90 billion and a price-to-earnings ratio of 157.96. Suncor Energy has a 1-year low of $31.95 and a 1-year high of $44.90. The company has a 50-day moving average price of $42.20 and a 200-day moving average price of $39.51.
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The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 3rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.01%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.29.
In other Suncor Energy news, Director Dominic D’alessandro acquired 30,000 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was purchased at an average price of C$41.50 per share, for a total transaction of C$1,245,000.00. Also, insider Steven Walter Williams sold 40,000 shares of the stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of C$41.83, for a total value of C$1,673,200.00.
Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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