Suncor Energy (TSE:SU) Given New C$75.00 Price Target at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by National Bankshares from C$57.00 to C$75.00 in a research report sent to investors on Friday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. Desjardins raised their price objective on shares of Suncor Energy from C$46.00 to C$48.50 and gave the stock a hold rating in a research report on Friday, March 22nd. Royal Bank of Canada raised their price objective on shares of Suncor Energy from C$52.00 to C$58.00 in a research report on Tuesday, April 9th. CIBC raised their price objective on shares of Suncor Energy from C$58.00 to C$60.00 and gave the stock an outperform rating in a research report on Friday, March 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Suncor Energy from C$55.00 to C$60.00 and gave the stock an overweight rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Suncor Energy has an average rating of Hold and a consensus target price of C$56.81.

Suncor Energy Trading Up 1.1 %

Shares of TSE:SU opened at C$52.99 on Friday. Suncor Energy has a 52-week low of C$37.09 and a 52-week high of C$53.78. The company has a market capitalization of C$68.36 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52. The company has a 50-day simple moving average of C$48.52 and a 200 day simple moving average of C$45.64. The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.83 and a current ratio of 1.44.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.05 by C$0.21. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. The business had revenue of C$14.14 billion during the quarter, compared to the consensus estimate of C$11.33 billion. Sell-side analysts forecast that Suncor Energy will post 4.7415525 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a $0.545 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a yield of 4.11%. Suncor Energy’s dividend payout ratio (DPR) is 34.44%.

Insider Activity at Suncor Energy

In related news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy 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 value of C$751,776.00. In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s stock in a transaction 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 on Tuesday, February 27th. The stock was 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 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.