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 report published on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. Jefferies Financial Group increased their target price on Suncor Energy from C$54.00 to C$62.00 and gave the stock a hold rating in a research note on Wednesday, May 22nd. Desjardins raised their price target on Suncor Energy from C$56.00 to C$59.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. Scotiabank lowered their price objective on shares of Suncor Energy from C$61.00 to C$60.00 in a research note on Friday, July 12th. BMO Capital Markets upgraded shares of Suncor Energy from a market perform rating to an outperform rating and set a C$62.00 price target for the company in a report on Wednesday, August 7th. Finally, Wolfe Research raised shares of Suncor Energy to a strong-buy rating in a research report on Thursday, July 18th. 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.com, Suncor Energy has an average rating of Moderate Buy and a consensus target price of C$61.96.

Suncor Energy Stock Up 0.4 %

Shares of SU opened at C$49.53 on Friday. The company has a market cap of C$62.90 billion, a PE ratio of 8.57, a P/E/G ratio of 0.15 and a beta of 1.49. The business has a fifty day moving average of C$53.19 and a 200 day moving average of C$52.14. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$57.32. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results 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 the consensus estimate of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. On average, sell-side analysts expect that Suncor Energy will post 4.7260019 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently disclosed 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 4.40%. Suncor Energy’s payout ratio is currently 37.46%.

Insider Transactions at Suncor Energy

In other news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00. In related news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were 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 firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Company insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

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.