National Bankshares Issues Positive Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by National Bankshares from C$65.00 to C$68.00 in a report published on Thursday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on SU. Desjardins raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada cut their price target on Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. Wells Fargo & Company reduced their price target on Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. TD Securities upped their price objective on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Finally, Gerdes Energy Research set a C$69.00 target price on Suncor Energy and gave the stock a “buy” rating in a report on Monday, November 25th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$62.32.

Suncor Energy Stock Up 0.4 %

TSE:SU opened at C$55.93 on Thursday. The company has a market cap of C$71.03 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The stock’s fifty day moving average price is C$54.16 and its two-hundred day moving average price is C$53.60. Suncor Energy has a 52-week low of C$42.43 and a 52-week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same period in the previous year, the business earned $1.52 EPS. On average, analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were given a $0.57 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s payout ratio is currently 37.46%.

Insiders Place Their Bets

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction dated 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.

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.