Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by National Bank Financial from C$49.00 to C$56.00 in a research report released on Tuesday, January 9th. National Bank Financial currently has an outperform rating on the stock.
SU has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price objective on shares of Suncor Energy from C$39.00 to C$42.00 in a research note on Thursday, September 14th. BMO Capital Markets lifted their target price on shares of Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. CIBC boosted their price objective on shares of Suncor Energy from C$50.00 to C$53.00 in a report on Tuesday, October 17th. TD Securities boosted their price objective on shares of Suncor Energy from C$49.00 to C$50.00 and gave the stock a buy rating in a report on Thursday, October 26th. Finally, Barclays lifted their target price on shares of Suncor Energy from C$49.00 to C$50.00 in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$50.71.
Shares of Suncor Energy (TSE:SU) opened at C$46.22 on Tuesday. Suncor Energy has a 1-year low of C$36.09 and a 1-year high of C$47.69. The stock has a market cap of $76,130.00, a PE ratio of 21.40 and a beta of 0.48.
Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Wednesday, October 25th. The company reported C$0.52 earnings per share for the quarter, topping the consensus estimate of C$0.33 by C$0.19. Suncor Energy had a net margin of 16.14% and a return on equity of 11.46%.
The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Thursday, November 30th. Suncor Energy’s payout ratio is 57.87%.
In other Suncor Energy news, insider Mark Stephen Little sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of C$45.51, for a total transaction of C$45,510.00. Also, insider Michael Roderick Macsween sold 55,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of C$46.00, for a total transaction of C$2,530,000.00. In the last quarter, insiders sold 56,100 shares of company stock worth $2,580,074.
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Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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