Suncor Energy (TSE:SU) Price Target Raised to C$58.00 at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective upped by Jefferies Financial Group from C$54.00 to C$58.00 in a report issued on Tuesday morning,BayStreet.CA reports.

SU has been the subject of a number of other reports. UBS Group boosted their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Scotiabank lifted their price target on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a research note on Monday, November 25th. TD Securities upped their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Finally, Raymond James lowered their price target on Suncor Energy from C$56.00 to C$55.00 in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$62.11.

Suncor Energy Price Performance

Shares of TSE SU opened at C$57.10 on Tuesday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The company has a market cap of C$72.52 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The stock’s 50-day moving average is C$54.19 and its two-hundred day moving average is C$53.44. Suncor Energy has a 1-year low of C$41.88 and a 1-year high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, topping the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were issued a dividend of $0.57 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.28 annualized dividend and a dividend yield of 3.99%. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insider Buying and Selling

In related news, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was 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 stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. 0.01% of the stock is currently owned by company insiders.

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.