Suncor Energy (TSE:SU) Given a C$69.00 Price Target by Gerdes Energy Research Analysts

Gerdes Energy Research set a C$69.00 price objective on Suncor Energy (TSE:SU) (NYSE:SU) in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also issued reports on the company. TD Securities upped their target price on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. UBS Group upped their price objective on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. National Bankshares raised their target price on shares of Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday, November 14th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. Finally, Raymond James increased their price target on shares of Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$62.32.

Suncor Energy Trading Down 0.2 %

Shares of TSE:SU opened at C$55.51 on Monday. The company’s 50-day moving average price is C$53.85 and its two-hundred day moving average price is C$53.33. Suncor Energy has a one year low of C$40.07 and a one year high of C$58.28. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The stock has a market capitalization of C$70.50 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders 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 annualized dividend and a yield of 3.93%. Suncor Energy’s dividend payout ratio is currently 37.46%.

Insiders Place Their Bets

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were 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 Suncor Energy stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. 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.