Suncor Energy (TSE:SU) Price Target Raised to C$114.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by JPMorgan Chase & Co. from C$107.00 to C$114.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

A number of other research analysts also recently weighed in on SU. The Goldman Sachs Group downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Gerdes Energy Research cut Suncor Energy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a “buy” rating in a report on Friday, July 17th. BMO Capital Markets raised their target price on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. Finally, Scotia raised their target price on shares of Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$97.69.

Suncor Energy Stock Up 0.2%

Shares of SU stock opened at C$91.44 on Thursday. The firm’s fifty day moving average price is C$85.10 and its two-hundred day moving average price is C$84.54. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48. Suncor Energy has a 1 year low of C$52.96 and a 1 year high of C$96.53. The firm has a market capitalization of C$106.95 billion, a P/E ratio of 12.21, a PEG ratio of 0.15 and a beta of 0.18.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. The company 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, equities analysts predict that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is 31.64%.

Insiders Place Their Bets

In other Suncor Energy news, insider Shelley Powell sold 41,911 shares of Suncor Energy 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 transaction, the insider directly owned 27,705 shares of the company’s stock, valued at C$2,426,958. The trade was a 60.20% decrease in their position. 0.01% of the stock is owned by corporate insiders.

About Suncor Energy

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.