Suncor Energy (TSE:SU) Reaches New 12-Month High on Analyst Upgrade

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) hit a new 52-week high on Wednesday after TD Securities raised their price target on the stock from C$50.00 to C$52.00. TD Securities currently has a hold rating on the stock. Suncor Energy traded as high as C$54.32 and last traded at C$54.15, with a volume of 889232 shares traded. The stock had previously closed at C$53.44.

A number of other analysts have also recently commented on the company. Wells Fargo & Company lifted their price target on Suncor Energy from C$55.00 to C$60.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Jefferies Financial Group lifted their price target on Suncor Energy from C$50.00 to C$53.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Desjardins lifted their price target on Suncor Energy from C$48.50 to C$54.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada lifted their price target on Suncor Energy from C$52.00 to C$58.00 in a research report on Tuesday, April 9th. Finally, National Bankshares boosted their price objective on Suncor Energy from C$57.00 to C$75.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$57.92.

Insiders Place Their Bets

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

Suncor Energy Stock Up 0.4 %

The stock has a market capitalization of C$69.23 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.15 and a beta of 1.52. The business has a fifty day moving average of C$50.59 and a 200 day moving average of C$46.26. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The company had revenue of C$14.14 billion for the quarter, compared to analysts’ expectations of C$11.33 billion. As a group, equities analysts predict that Suncor Energy Inc. will post 4.7379873 earnings per share for the current year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy’s payout ratio is currently 34.44%.

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.