Suncor Energy (TSE:SU) Raised to “Moderate Buy” at Desjardins

Desjardins upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) from a hold rating to a moderate buy rating in a research report released on Thursday morning,Zacks.com reports.

A number of other research firms have also recently commented on SU. Scotiabank lifted their price target on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Raymond James boosted their price objective on shares of Suncor Energy from C$52.00 to C$56.00 in a report on Thursday. Jefferies Financial Group decreased their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research report on Monday, September 16th. TD Securities lifted their price objective on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Finally, BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$61.54.

Suncor Energy Trading Up 0.3 %

Shares of SU opened at C$57.00 on Thursday. The stock has a market capitalization of C$72.39 billion, a P/E ratio of 9.79, a PEG ratio of 0.15 and a beta of 1.47. The firm has a fifty day simple moving average of C$52.72 and a two-hundred day simple moving average of C$53.12. 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 twelve month low of C$40.07 and a twelve month high of C$57.50.

Suncor Energy Dividend Announcement

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

About Suncor Energy

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.