Suncor Energy (TSE:SU) Hits New 12-Month High – Should You Buy?

Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s stock price reached a new 52-week high on Friday . The company traded as high as C$69.99 and last traded at C$69.77, with a volume of 1865484 shares trading hands. The stock had previously closed at C$68.05.

Analyst Ratings Changes

A number of research firms have commented on SU. Royal Bank Of Canada upped their price objective on shares of Suncor Energy from C$67.00 to C$70.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Gerdes Energy Research upped their price target on shares of Suncor Energy from C$75.00 to C$78.00 in a research report on Monday, November 10th. Desjardins lifted their price objective on shares of Suncor Energy from C$73.00 to C$74.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. National Bankshares reduced their target price on Suncor Energy from C$73.00 to C$72.00 and set an “outperform” rating for the company in a report on Friday, January 9th. Finally, TD Securities raised their target price on Suncor Energy from C$71.00 to C$73.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$67.62.

Suncor Energy Trading Up 1.6%

The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The stock has a market cap of C$83.02 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 0.15 and a beta of 0.79. The company’s 50 day simple moving average is C$61.94 and its two-hundred day simple moving average is C$57.78.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$1.48 EPS for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. The business had revenue of C$12.55 billion for the quarter. Research analysts expect that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.60 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.5%. Suncor Energy’s dividend payout ratio (DPR) is 53.15%.

Insider Activity

In related news, insider Peter Douglas Zebedee sold 43,364 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of C$62.53, for a total value of C$2,711,550.92. Also, insider Troy Ward Little sold 8,711 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of C$62.61, for a total value of C$545,395.71. Insiders sold a total of 164,675 shares of company stock worth $10,208,871 in the last three months. 0.01% of the stock is owned by insiders.

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.