Suncor Energy (TSE:SU) Price Target Increased to C$60.00 by Analysts at Wells Fargo & Company

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by Wells Fargo & Company from C$55.00 to C$60.00 in a report issued on Thursday, BayStreet.CA reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on SU. National Bankshares cut their price objective on shares of Suncor Energy from C$74.00 to C$57.00 and set an outperform rating for the company in a research report on Wednesday, January 10th. Royal Bank of Canada raised their price objective on shares of Suncor Energy from C$52.00 to C$58.00 in a research report on Tuesday, April 9th. BMO Capital Markets raised their price objective on shares of Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th. Jefferies Financial Group raised their price objective on shares of Suncor Energy from C$50.00 to C$53.00 and gave the stock a hold rating in a research report on Friday, April 12th. Finally, Desjardins raised their price objective on shares of Suncor Energy from C$46.00 to C$48.50 and gave the stock a hold rating in a research report on Friday, March 22nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of C$55.42.

Suncor Energy Trading Up 0.4 %

Suncor Energy stock opened at C$52.39 on Thursday. Suncor Energy has a 52 week low of C$37.09 and a 52 week high of C$53.78. The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.83 and a current ratio of 1.44. The stock has a market capitalization of C$67.58 billion, a P/E ratio of 8.28, a PEG ratio of 0.15 and a beta of 1.52. The stock has a 50-day simple moving average of C$48.32 and a 200 day simple moving average of C$45.59.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The business had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. Analysts expect that Suncor Energy will post 4.7415525 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were given a dividend of $0.545 per share. The ex-dividend date was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a yield of 4.16%. Suncor Energy’s dividend payout ratio (DPR) is currently 34.44%.

Insider Activity

In other news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. 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.