Suncor Energy (TSE:SU) Price Target Raised to C$110.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by Royal Bank Of Canada from C$100.00 to C$110.00 in a report released on Tuesday morning,BayStreet reports. They currently have an outperform rating on the stock.

SU has been the subject of several other reports. TD upped their price target on shares of 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. National Bank Financial lifted their price target on shares of Suncor Energy from C$118.00 to C$146.00 and gave the stock an “outperform” rating in a report on Wednesday, September 30th. Gerdes Energy Research lowered 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 report on Wednesday, July 22nd. BMO Capital Markets boosted their price objective on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Suncor Energy from C$107.00 to C$114.00 in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$101.56.

Suncor Energy Price Performance

Shares of TSE SU opened at C$107.38 on Tuesday. The stock has a market capitalization of C$125.59 billion, a PE ratio of 14.34, a P/E/G ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. The business has a fifty day moving average price of C$95.48 and a two-hundred day moving average price of C$90.21. Suncor Energy has a fifty-two week low of C$53.02 and a fifty-two week high of C$108.93.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results 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 during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. As a group, equities analysts predict that Suncor Energy will post 4.42 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Suncor Energy’s dividend payout ratio is 31.64%.

Insider Buying and Selling at Suncor Energy

In other news, insider David Jason Oldreive sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of C$98.00, for a total value of C$490,000.00. Also, insider Adam Husain Albeldawi sold 1,173 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$95.01, for a total value of C$111,446.73. Insiders have sold a total of 79,792 shares of company stock valued at $7,294,928 in the last three months. 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.