Suncor Energy (TSE:SU) Given New C$65.00 Price Target at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its price target decreased by National Bankshares from C$76.00 to C$65.00 in a research report report published on Thursday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on SU. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. TD Securities lifted their price objective on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Royal Bank of Canada upped their target price on Suncor Energy from C$64.00 to C$66.00 in a report on Thursday, November 14th. UBS Group lifted their price target on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Finally, Scotiabank increased their price objective on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$61.89.

Suncor Energy Stock Performance

Shares of SU opened at C$49.60 on Thursday. 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 has a 52-week low of C$41.88 and a 52-week high of C$58.28. The company has a 50-day simple moving average of C$54.19 and a 200-day simple moving average of C$53.18. The company has a market capitalization of C$62.99 billion, a PE ratio of 8.52, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 4.60%. Suncor Energy’s dividend payout ratio is 37.46%.

Insiders Place Their Bets

In other news, 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 value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total value of C$2,843,700.00. 0.01% of the stock is currently owned by insiders.

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.