Jefferies Financial Group Boosts Suncor Energy (TSE:SU) Price Target to C$53.00

Suncor Energy (TSE:SUFree Report) (NYSE:SU) had its price objective increased by Jefferies Financial Group from C$50.00 to C$53.00 in a research note published on Friday morning, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

SU has been the subject of several other reports. National Bankshares lowered their target price on shares of Suncor Energy from C$74.00 to C$57.00 and set an outperform rating for the company in a research note on Wednesday, January 10th. TD Securities lifted their target price on shares of Suncor Energy from C$46.00 to C$48.00 and gave the company a hold rating in a report on Thursday, February 22nd. Desjardins upped their price objective on shares of Suncor Energy from C$46.00 to C$48.50 and gave the company a hold rating in a research report on Friday, March 22nd. CIBC upped their price objective on shares of Suncor Energy from C$58.00 to C$60.00 and gave the company an outperform rating in a research report on Friday, March 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Suncor Energy from C$59.00 to C$55.00 in a research report on Thursday, December 14th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of C$55.04.

View Our Latest Report on Suncor Energy

Suncor Energy Trading Down 1.0 %

Shares of SU opened at C$51.92 on Friday. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83. The firm has a 50 day simple moving average of C$47.63 and a 200-day simple moving average of C$45.44. Suncor Energy has a 1-year low of C$37.09 and a 1-year high of C$53.78. The stock has a market cap of C$66.98 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52.

Suncor Energy (TSE:SUGet Free Report) (NYSE:SU) last released its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The firm had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. Equities analysts forecast that Suncor Energy will post 4.7415525 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a dividend of $0.545 per share. The ex-dividend date was Friday, March 1st. This represents a $2.18 annualized dividend and a yield of 4.20%. Suncor Energy’s dividend payout ratio (DPR) is 34.44%.

Insider Buying and Selling

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. 0.01% of the stock is owned by company insiders.

About Suncor Energy

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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.

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