Suncor Energy (TSE:SU) Price Target Cut to C$55.00 by Analysts at Raymond James

Suncor Energy (TSE:SU) (NYSE:SU) had its price target decreased by Raymond James from C$56.00 to C$55.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other brokerages also recently commented on SU. Scotiabank increased their price target on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. UBS Group boosted their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Royal Bank of Canada increased their price target on shares of Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday, November 14th. TD Securities upped their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Finally, Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$62.75.

Suncor Energy Stock Down 1.0 %

SU stock opened at C$52.37 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The firm has a market cap of C$66.51 billion, a PE ratio of 9.00, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1 year low of C$41.30 and a 1 year high of C$58.28. The company has a fifty day simple moving average of C$54.62 and a 200 day simple moving average of C$53.33.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.35%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s payout ratio is presently 37.46%.

Insider Buying and Selling

In other news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction that occurred on 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. 0.01% of the stock is owned by company insiders.

Suncor Energy Company Profile

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.