Suncor Energy (TSE:SU) Given New C$64.00 Price Target at Wells Fargo & Company

Suncor Energy (TSE:SU) (NYSE:SU) had its target price cut by Wells Fargo & Company from C$66.00 to C$64.00 in a report issued on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on SU. Gerdes Energy Research set a C$69.00 target price on shares of Suncor Energy and gave the company a “buy” rating in a report on Monday, November 25th. Scotiabank increased their target price on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. UBS Group increased their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Raymond James increased their target price on shares of Suncor Energy from C$52.00 to C$56.00 in a research report on Thursday, November 14th. Finally, National Bankshares increased their target price on shares of Suncor Energy from C$73.00 to C$76.00 in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$62.96.

Suncor Energy Trading Down 0.3 %

Shares of TSE:SU opened at C$54.15 on Monday. The company’s 50-day moving average price is C$54.55 and its two-hundred day moving average price is C$53.38. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy has a one year low of C$40.07 and a one year high of C$58.28. The stock has a market capitalization of C$68.77 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.21%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

Insiders Place Their Bets

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Corporate insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

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.