Suncor Energy (TSE:SU) Given New C$59.00 Price Target at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its target price raised by Jefferies Financial Group from C$58.00 to C$59.00 in a report released on Monday morning,BayStreet.CA reports.

SU has been the subject of a number of other research reports. Wells Fargo & Company lowered their price target on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. UBS Group lifted their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. JPMorgan Chase & Co. raised their target price on Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. Finally, Scotiabank boosted their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$62.61.

Suncor Energy Stock Down 0.7 %

Shares of SU stock opened at C$55.79 on Monday. Suncor Energy has a 1 year low of C$45.12 and a 1 year high of C$58.58. The firm has a market capitalization of C$69.97 billion, a P/E ratio of 8.81, a PEG ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The firm’s fifty day moving average price is C$54.57 and its two-hundred day moving average price is C$54.00.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were paid a $0.57 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, December 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 4.09%. Suncor Energy’s dividend payout ratio (DPR) is presently 34.42%.

About Suncor Energy

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.