Suncor Energy (TSE:SU) Hits New 12-Month High at $57.27

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) hit a new 52-week high during trading on Thursday . The company traded as high as C$57.27 and last traded at C$56.91, with a volume of 1023780 shares. The stock had previously closed at C$56.46.

Analysts Set New Price Targets

SU has been the topic of several recent research reports. Desjardins increased their price objective on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their price objective on Suncor Energy from C$65.00 to C$67.00 in a research note on Thursday, August 8th. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 target price on the stock in a research report on Wednesday, August 7th. National Bankshares upped their price target on Suncor Energy from C$75.00 to C$77.00 in a research report on Thursday, August 8th. Finally, Scotiabank lowered their price objective on Suncor Energy from C$61.00 to C$60.00 in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average target price of C$61.96.

Suncor Energy Trading Down 1.0 %

The firm has a market cap of C$71.84 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.15 and a beta of 1.50. The company has a 50-day simple moving average of C$52.66 and a 200 day simple moving average of C$50.94. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 3.85%. Suncor Energy’s dividend payout ratio is currently 37.46%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. 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.