Royal Bank of Canada Analysts Give Suncor Energy (TSE:SU) a C$67.00 Price Target

Royal Bank of Canada set a C$67.00 price target on Suncor Energy (TSE:SU) (NYSE:SU) in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

SU has been the subject of a number of other research reports. Scotiabank dropped their target price on Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. National Bankshares boosted their price objective on shares of Suncor Energy from C$75.00 to C$77.00 in a report on Thursday, August 8th. Desjardins increased their target price on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a hold rating in a research report on Tuesday, July 23rd. ATB Capital lifted their price target on shares of Suncor Energy from C$53.00 to C$57.50 and gave the company a sector perform rating in a research report on Wednesday, May 22nd. Finally, Wells Fargo & Company increased their price target on Suncor Energy from C$61.00 to C$66.00 and gave the stock an overweight rating in a research report on Wednesday, May 22nd. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of C$61.96.

Suncor Energy Stock Down 1.4 %

Suncor Energy stock opened at C$50.64 on Tuesday. The company’s 50-day moving average price is C$53.53 and its two-hundred day moving average price is C$51.98. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The stock has a market cap of C$64.31 billion, a P/E ratio of 8.70, a P/E/G ratio of 0.15 and a beta of 1.50. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$57.32.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.21. The company had revenue of C$13.04 billion during the quarter, compared to analysts’ expectations of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. As a group, analysts expect that Suncor Energy will post 5.1553672 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th will be paid a $0.545 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.30%. Suncor Energy’s payout ratio is currently 37.46%.

Insider Activity at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. In related news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction 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. Also, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. 0.01% of the stock is currently owned by insiders.

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.