Suncor Energy (TSE:SU – Free Report) (NYSE:SU) had its target price raised by TD Securities from C$59.00 to C$60.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other research analysts also recently commented on the company. Wolfe Research raised Suncor Energy to a strong-buy rating in a report on Thursday, July 18th. Raymond James increased their target price on Suncor Energy from C$51.00 to C$52.00 and gave the stock a market perform rating in a report on Thursday, August 8th. National Bankshares reduced their target price on Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th. BMO Capital Markets raised Suncor Energy from a market perform rating to an outperform rating and set a C$62.00 target price on the stock in a report on Wednesday, August 7th. Finally, Jefferies Financial Group reduced their target price on Suncor Energy from C$62.00 to C$55.00 and set a hold rating on the stock in a report on Monday, September 16th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$61.04.
Read Our Latest Stock Analysis on SU
Suncor Energy Trading Up 1.2 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.21. The firm 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%. Sell-side analysts forecast that Suncor Energy will post 4.2557377 EPS for the current fiscal year.
Suncor Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.
Insider Buying and Selling
In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value 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.
Recommended Stories
- Five stocks we like better than Suncor Energy
- About the Markup Calculator
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- How Investors Can Find the Best Cheap Dividend Stocks
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.