Suncor Energy (TSE:SU) PT Raised to C$60.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lifted by Wells Fargo & Company from C$55.00 to C$60.00 in a research report sent to investors on Thursday, BayStreet.CA reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other research analysts have also recently issued reports on SU. TD Securities lifted their price target on shares of Suncor Energy from C$46.00 to C$48.00 and gave the company a hold rating in a research report on Thursday, February 22nd. Jefferies Financial Group lifted their target price on shares of Suncor Energy from C$50.00 to C$53.00 and gave the stock a hold rating in a report on Friday, April 12th. Desjardins lifted their target price on shares of Suncor Energy from C$46.00 to C$48.50 and gave the stock a hold rating in a report on Friday, March 22nd. Royal Bank of Canada lifted their target price on shares of Suncor Energy from C$52.00 to C$58.00 in a report on Tuesday, April 9th. Finally, BMO Capital Markets lifted their target price on shares of Suncor Energy from C$52.00 to C$55.00 in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of C$55.42.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$52.39 on Thursday. The stock has a market cap of C$67.58 billion, a PE ratio of 8.28, a PEG ratio of 0.15 and a beta of 1.52. Suncor Energy has a 52 week low of C$37.09 and a 52 week high of C$53.78. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52. The company’s fifty day moving average is C$48.32 and its 200 day moving average is C$45.59.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. The business had revenue of C$14.14 billion for the quarter, compared to analyst estimates of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. Research analysts anticipate that Suncor Energy will post 4.7415525 earnings per share for the current year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were given a dividend of $0.545 per share. The ex-dividend date was Friday, March 1st. This represents a $2.18 annualized dividend and a yield of 4.16%. Suncor Energy’s dividend payout ratio (DPR) is 34.44%.

Insider Activity at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. 0.01% of the stock is currently owned by company insiders.

About Suncor Energy

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.