Suncor Energy (TSE:SU) Price Target Raised to C$62.00 at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by TD Securities from C$60.00 to C$62.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on SU. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Jefferies Financial Group cut their price target on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock in a report on Wednesday, August 7th. Raymond James set a C$52.00 target price on Suncor Energy in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada decreased their target price on Suncor Energy from C$67.00 to C$64.00 in a research report on Tuesday, September 17th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$60.79.

Suncor Energy Stock Up 4.2 %

Shares of TSE:SU opened at C$55.40 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. Suncor Energy has a fifty-two week low of C$40.07 and a fifty-two week high of C$57.32. The stock has a market cap of C$70.36 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The firm’s 50 day moving average price is C$52.49 and its 200 day moving average price is C$53.06.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a $0.545 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 3.94%. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. Insiders own 0.01% of the company’s stock.

About Suncor Energy

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.