Suncor Energy (TSE:SU) Price Target Raised to C$58.00 at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by Jefferies Financial Group from C$54.00 to C$58.00 in a report released on Thursday,BayStreet.CA reports.

Several other equities research analysts have also commented on SU. Wells Fargo & Company decreased their target price on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. TD Securities upped their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Raymond James reduced their price target on shares of Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. Gerdes Energy Research set a C$69.00 price target on Suncor Energy and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, UBS Group lifted their price objective on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$62.32.

Suncor Energy Stock Up 0.4 %

Shares of TSE:SU opened at C$55.93 on Thursday. Suncor Energy has a fifty-two week low of C$42.43 and a fifty-two week high of C$58.58. 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’s 50-day simple moving average is C$54.16 and its 200-day simple moving average is C$53.60. The company has a market cap of C$71.03 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same quarter in the prior year, the business posted $1.52 earnings per share. As a group, equities research analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were paid a dividend of $0.57 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

Insider Transactions at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Insiders own 0.01% of the company’s stock.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.