Suncor Energy (TSE:SU – Free Report) (NYSE:SU) had its price objective boosted by Desjardins from C$48.50 to C$54.00 in a research note published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Other analysts have also recently issued reports about the company. TD Securities upped their target price on 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. Royal Bank of Canada upped their price objective on Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. Jefferies Financial Group upped their price objective on Suncor Energy from C$50.00 to C$53.00 and gave the company a hold rating in a research note on Friday, April 12th. BMO Capital Markets upped their price objective on Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. Finally, National Bankshares upped their price objective on Suncor Energy from C$57.00 to C$75.00 and gave the company an outperform rating in a research note on Friday, April 19th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Suncor Energy currently has a consensus rating of Hold and an average target price of C$57.62.
Get Our Latest Stock Analysis on Suncor Energy
Suncor Energy Trading Up 0.2 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The business had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. As a group, analysts anticipate that Suncor Energy will post 4.7415525 earnings per share for the current fiscal year.
Suncor Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy’s payout ratio is 34.44%.
Insider Transactions at Suncor Energy
In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy 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 value of C$549,960.00. Corporate insiders own 0.01% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Suncor Energy
- Investing in large cap stocks: Diving into big caps
- Hasbro’s Management Made All the Right Calls This Quarter
- What Are the U.K. Market Holidays? How to Invest and Trade
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Bank Stocks – Best Bank Stocks to Invest In
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.