Suncor Energy (TSE:SU – Free Report) (NYSE:SU) had its price objective upped by National Bankshares from C$57.00 to C$75.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
SU has been the topic of a number of other research reports. Jefferies Financial Group increased their price target on shares of Suncor Energy from C$50.00 to C$53.00 and gave the stock a hold rating in a report on Friday, April 12th. Desjardins increased their price target on shares of Suncor Energy from C$46.00 to C$48.50 and gave the stock a hold rating in a report on Friday, March 22nd. Royal Bank of Canada increased 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 increased their price target on shares of Suncor Energy from C$55.00 to C$60.00 and gave the stock an overweight rating in a report on Thursday. Finally, TD Securities increased 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of C$56.81.
Check Out Our Latest Report on SU
Suncor Energy Stock Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last issued 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. The firm had revenue of C$14.14 billion for the quarter, compared to analyst estimates of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. Analysts predict that Suncor Energy will post 4.7415525 earnings per share for the current fiscal year.
Suncor Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were given 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 4.11%. Suncor Energy’s payout ratio is currently 34.44%.
Insider Buying and Selling at Suncor Energy
In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the 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. In related news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction dated 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 stock in a transaction dated Friday, February 23rd. The stock was 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 corporate 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.
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