Suncor Energy (TSE:SU) Sets New 1-Year High – Should You Buy?

Suncor Energy Inc. (TSE:SU – Get Free Report) (NYSE:SU)’s share price hit a new 52-week high on Monday. The company traded as high as C$112.00 and last traded at C$111.66, with a volume of 814,065 shares. The stock had previously closed at C$111.18.

Wall Street Analyst Weigh In

SU has been the topic of several analyst reports. Raymond James Financial lifted their price target on shares of Suncor Energy from C$109.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. BMO Capital Markets boosted their target price on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. Desjardins boosted their price objective on Suncor Energy from C$110.00 to C$117.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Gerdes Energy Research cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada raised their price target on Suncor Energy from C$100.00 to C$110.00 and gave the company an “outperform” rating in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$103.06.

Read Our Latest Stock Report on SU

Suncor Energy Stock Performance

The firm’s fifty day moving average is C$98.08 and its 200 day moving average is C$90.99. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. The firm has a market capitalization of C$130.68 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.15 and a beta of 0.18.

Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last released its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. The business had revenue of C$17.50 billion during the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. On average, analysts predict that Suncor Energy Inc. will post 4.42 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 4th. Suncor Energy’s dividend payout ratio is presently 31.64%.

Insider Activity at Suncor Energy

In other news, insider Shelley Powell sold 41,911 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$87.60, for a total value of C$3,671,403.60. Following the completion of the sale, the insider directly owned 27,705 shares in the company, valued at approximately C$2,426,958. This trade represents a 60.20% decrease in their ownership of the stock. Also, insider David Jason Oldreive sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00. Insiders sold 79,792 shares of company stock worth $7,294,928 in the last ninety days. Company insiders own 0.01% of the company’s stock.

About Suncor Energy

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.