Suncor Energy (TSE:SU – Free Report) (NYSE:SU) had its price objective lifted by National Bank Financial from C$118.00 to C$146.00 in a report released on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Raymond James Financial raised their target price on shares of Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Desjardins set a C$107.00 target price on Suncor Energy and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$100.00.
Get Our Latest Stock Analysis on SU
Suncor Energy Stock Up 0.9%
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. The company had revenue of C$17.50 billion during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. As a group, research analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.
Suncor Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were issued a $0.60 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. Suncor Energy’s dividend payout ratio is currently 31.64%.
Insider Activity
In other Suncor Energy news, insider Peter Douglas Zebedee sold 5,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of C$98.00, for a total value of C$490,000.00. Also, insider Curtis Wade Serra sold 2,400 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$94.03, for a total value of C$225,672.00. Over the last three months, insiders sold 79,792 shares of company stock valued at $7,294,928. Corporate insiders own 0.01% of the company’s stock.
Suncor Energy Company Profile
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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.
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