Suncor Energy (TSE:SU) Price Target Raised to C$65.00 at CIBC

Suncor Energy (TSE:SU) (NYSE:SU) had its target price increased by CIBC from C$60.00 to C$65.00 in a report published on Monday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on SU. Royal Bank of Canada raised their price target on shares of Suncor Energy from C$52.00 to C$58.00 in a report on Tuesday, April 9th. Wells Fargo & Company lifted their target price on shares of Suncor Energy from C$55.00 to C$60.00 and gave the company an overweight rating in a report on Thursday, April 18th. National Bankshares lifted their target price on shares of Suncor Energy from C$57.00 to C$75.00 and gave the company an outperform rating in a report on Friday. Desjardins lifted their target price on shares of Suncor Energy from C$46.00 to C$48.50 and gave the company a hold rating in a report on Friday, March 22nd. Finally, TD Securities lifted their target price on shares of Suncor Energy from C$46.00 to C$48.00 and gave the company a hold rating in a report on Thursday, February 22nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of C$57.19.

Suncor Energy Trading Up 1.0 %

SU opened at C$53.54 on Monday. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83. The company’s 50 day simple moving average is C$48.72 and its two-hundred day simple moving average is C$45.72. Suncor Energy has a 1-year low of C$37.09 and a 1-year high of C$53.85. The firm has a market capitalization of C$69.07 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. The business had revenue of C$14.14 billion for the quarter, compared to analyst estimates of C$11.33 billion. Analysts expect that Suncor Energy will post 4.7415525 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.07%. Suncor Energy’s payout ratio is currently 34.44%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. 0.01% of the stock is currently owned by insiders.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.