Suncor Energy (TSE:SU) Price Target Raised to C$76.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by National Bankshares from C$73.00 to C$76.00 in a report published on Thursday,BayStreet.CA reports.

SU has been the subject of a number of other reports. Desjardins raised their target price on 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. TD Securities boosted their price target on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Jefferies Financial Group cut their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Finally, BMO Capital Markets raised 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. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Stock Up 0.3 %

SU opened at C$57.00 on Thursday. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$57.50. The company’s 50-day moving average price is C$52.72 and its two-hundred day moving average price is C$53.12. The stock has a market cap of C$72.39 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.15 and a beta of 1.47. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were issued a dividend of $0.545 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 3.82%. Suncor Energy’s dividend payout ratio is presently 37.46%.

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.