TD Securities Boosts Suncor Energy (TSE:SU) Price Target to C$60.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by TD Securities from C$59.00 to C$60.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on SU. National Bankshares lowered their price target on Suncor Energy from C$77.00 to C$73.00 in a research note on Friday, September 27th. Raymond James raised their price objective on shares of Suncor Energy from C$51.00 to C$52.00 and gave the stock a market perform rating in a research report on Thursday, August 8th. BMO Capital Markets upgraded shares of Suncor Energy from a market perform rating to an outperform rating and set a C$62.00 target price on the stock in a report on Wednesday, August 7th. Jefferies Financial Group dropped their price target on shares of Suncor Energy from C$62.00 to C$55.00 and set a hold rating for the company in a research note on Monday, September 16th. Finally, Desjardins lifted their price target on shares of Suncor Energy from C$56.00 to C$59.00 and gave the company a hold rating in a research report on Tuesday, July 23rd. Six 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 data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$61.04.

Suncor Energy Trading Up 2.7 %

SU stock opened at C$53.58 on Tuesday. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$57.32. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The firm has a market cap of C$68.05 billion, a P/E ratio of 9.21, a PEG ratio of 0.15 and a beta of 1.49. The company’s 50-day simple moving average is C$52.77 and its 200-day simple moving average is C$52.43.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.21. The company had revenue of C$13.04 billion for the quarter, compared to the consensus estimate of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. As a group, equities analysts forecast that Suncor Energy will post 4.2557377 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s payout ratio is 37.46%.

Insider Buying and Selling at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is currently owned by corporate 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.