National Bankshares Cuts Suncor Energy (TSE:SU) Price Target to C$73.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lowered by National Bankshares from C$77.00 to C$73.00 in a report published on Friday, BayStreet.CA reports.

Several other brokerages have also issued reports on SU. Wolfe Research upgraded shares of Suncor Energy to a strong-buy rating in a research report on Thursday, July 18th. Royal Bank of Canada lowered their price objective on shares of Suncor Energy from C$67.00 to C$64.00 in a report on Tuesday, September 17th. Raymond James increased their target price on shares of Suncor Energy from C$51.00 to C$52.00 and gave the company a market perform rating in a report on Thursday, August 8th. BMO Capital Markets raised shares of Suncor Energy from a market perform rating to an outperform rating and set a C$62.00 price target for the company in a research note on Wednesday, August 7th. Finally, Scotiabank cut their price target on shares of Suncor Energy from C$61.00 to C$60.00 in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Suncor Energy currently has an average rating of Moderate Buy and a consensus target price of C$60.96.

Suncor Energy Trading Up 1.2 %

TSE:SU opened at C$49.78 on Friday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy has a 1 year low of C$40.07 and a 1 year high of C$57.32. The company has a market cap of C$63.22 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.15 and a beta of 1.49. The stock’s fifty day moving average price is C$52.84 and its two-hundred day moving average price is C$52.41.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, beating the consensus estimate of C$1.06 by C$0.21. The company had revenue of C$13.04 billion during the quarter, compared to analysts’ expectations of C$11.59 billion. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. As a group, analysts expect that Suncor Energy will post 4.2058333 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s payout ratio is presently 37.46%.

Insider Transactions at Suncor Energy

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Insiders own 0.01% of the company’s stock.

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.