Suncor Energy Inc. (TSE:SU – Get Free Report) (NYSE:SU) shares hit a new 52-week high during trading on Wednesday after Royal Bank Of Canada raised their price target on the stock from C$100.00 to C$110.00. Royal Bank Of Canada currently has an outperform rating on the stock. Suncor Energy traded as high as C$108.80 and last traded at C$107.93, with a volume of 1,067,637 shares. The stock had previously closed at C$106.82.
Several other brokerages have also recently weighed in on SU. BMO Capital Markets lifted their price target on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. Raymond James Financial upped their price objective on Suncor Energy from C$109.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. ATB Cormark Capital Markets raised their price objective on shares of Suncor Energy from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. National Bank Financial lifted their target price on shares of Suncor Energy from C$118.00 to C$146.00 and gave the company an “outperform” rating in a report on Wednesday, September 30th. Finally, Desjardins set a C$107.00 target price on shares of Suncor Energy and gave the company a “buy” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$101.56.
View Our Latest Stock Report on SU
Insider Activity
Suncor Energy Price Performance
The firm has a market capitalization of C$126.11 billion, a PE ratio of 14.40, a PEG ratio of 0.15 and a beta of 0.18. The stock has a 50-day moving average price of C$94.66 and a 200 day moving average price of C$89.98. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48.
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last announced its earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. The business had revenue of C$17.50 billion during the quarter. Equities analysts forecast that Suncor Energy Inc. will post 4.42 EPS for the current fiscal year.
Suncor Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 4th. Suncor Energy’s payout ratio is presently 31.64%.
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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