Suncor Energy (TSE:SU) Stock Gets Price Target Cut from National Bank Financial

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lowered by National Bank Financial from C$146.00 to C$145.00 in a report released on Tuesday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

SU has been the topic of several other research reports. BMO Capital Markets upped their price objective on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on Suncor Energy from C$100.00 to C$110.00 and gave the company an “outperform” rating in a report on Tuesday, October 13th. ATB Cormark Capital Markets boosted their price objective on shares of Suncor Energy from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. Desjardins set a C$107.00 price objective on shares of Suncor Energy and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Raymond James Financial upped their target price on Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$103.06.

Suncor Energy Stock Down 2.2%

Shares of TSE:SU opened at C$108.39 on Tuesday. Suncor Energy has a 1 year low of C$54.55 and a 1 year high of C$112.80. The business has a 50 day simple moving average of C$97.69 and a two-hundred day simple moving average of C$90.86. The firm has a market capitalization of C$126.78 billion, a PE ratio of 14.47, a price-to-earnings-growth 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.

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

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 31.64%.

Insider Activity

In other Suncor Energy news, insider Peter Douglas Zebedee sold 5,000 shares of the company’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 Richard Michael Kruger sold 15,378 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total transaction of C$1,458,449.52. Insiders have sold a total of 79,792 shares of company stock valued at $7,294,928 over the last quarter. 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.