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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) shares 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 trading hands. The stock had previously closed at C$53.44.

A number of other equities research analysts also recently issued reports on the company. Royal Bank of Canada boosted their price target on Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. CIBC upped their target price on shares of Suncor Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. BMO Capital Markets increased their target price on shares of Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. Desjardins raised their price objective on shares of Suncor Energy from C$48.50 to C$54.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Finally, Wells Fargo & Company upped their target price on Suncor Energy from C$55.00 to C$60.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Suncor Energy currently has an average rating of “Hold” and an average target price of C$57.92.

Insider Activity at Suncor Energy

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

Suncor Energy Stock Performance

The firm’s fifty day simple moving average is C$50.59 and its 200 day simple moving average is C$46.26. The company has a market capitalization of C$68.64 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52. 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 issued its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating the consensus estimate 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 analyst estimates of C$11.33 billion. On average, research analysts predict that Suncor Energy Inc. will post 4.7379873 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently disclosed 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 was Friday, March 1st. This represents a $2.18 annualized dividend and a yield of 4.10%. Suncor Energy’s dividend payout ratio is presently 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.