Suncor Energy (TSE:SU) Price Target Increased to C$62.00 by Analysts at BMO Capital Markets

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by BMO Capital Markets from C$60.00 to C$62.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Other equities analysts have also issued reports about the company. Wells Fargo & Company upped their target price on Suncor Energy from C$61.00 to C$66.00 and gave the company an overweight rating in a report on Wednesday. TD Securities boosted their price objective on Suncor Energy from C$52.00 to C$57.00 and gave the stock a hold rating in a research report on Wednesday. CIBC boosted their price objective on Suncor Energy from C$60.00 to C$65.00 and gave the stock an outperform rating in a research report on Monday, April 22nd. Jefferies Financial Group boosted their price objective on Suncor Energy from C$54.00 to C$62.00 and gave the stock a hold rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on Suncor Energy from C$58.00 to C$60.00 in a research report on Thursday, May 9th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Suncor Energy has an average rating of Hold and a consensus target price of C$62.42.

Suncor Energy Stock Down 1.1 %

TSE:SU opened at C$55.43 on Wednesday. The firm has a market capitalization of C$70.95 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.15 and a beta of 1.50. The stock has a 50 day moving average of C$52.26 and a 200-day moving average of C$46.95. Suncor Energy has a 52 week low of C$37.09 and a 52 week high of C$56.30. The company has a current ratio of 1.51, a quick ratio of 0.83 and a debt-to-equity ratio of 36.00.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The company had revenue of C$14.14 billion during the quarter, compared to analyst estimates of C$11.33 billion. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. Analysts predict that Suncor Energy will post 4.9972527 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be given a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.18 dividend on an annualized basis and a yield of 3.93%. Suncor Energy’s dividend payout ratio (DPR) is 36.09%.

Insiders Place Their Bets

In other news, Senior Officer Shelley Powell sold 16,400 shares of the 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. In other news, Senior Officer Shelley Powell sold 16,400 shares of the 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. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction 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. 0.01% of the stock is currently owned by 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.