Royal Bank of Canada Boosts Suncor Energy (TSE:SU) Price Target to C$65.00

Suncor Energy (TSE:SUFree Report) (NYSE:SU) had its target price increased by Royal Bank of Canada from C$60.00 to C$65.00 in a research note published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on SU. National Bankshares increased their price target on Suncor Energy from C$75.00 to C$79.00 and gave the stock an outperform rating in a research report on Wednesday. CIBC increased their price target on Suncor Energy from C$60.00 to C$65.00 and gave the stock an outperform rating in a research report on Monday, April 22nd. Scotiabank increased their price target on Suncor Energy from C$54.00 to C$61.00 and gave the stock a sector perform rating in a research report on Wednesday. BMO Capital Markets increased their price target on Suncor Energy from C$60.00 to C$62.00 and gave the stock a market perform rating in a research report on Wednesday. Finally, TD Securities increased their price target on Suncor Energy from C$52.00 to C$57.00 and gave the stock a hold rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of C$62.42.

Check Out Our Latest Report on Suncor Energy

Suncor Energy Trading Down 0.2 %

Shares of TSE SU opened at C$55.06 on Wednesday. The stock’s 50 day moving average price is C$52.51 and its two-hundred day moving average price is C$47.07. Suncor Energy has a 52-week low of C$37.09 and a 52-week high of C$56.69. The stock has a market capitalization of C$70.48 billion, a P/E ratio of 9.12, a PEG ratio of 0.15 and a beta of 1.50. The company has a quick ratio of 0.83, a current ratio of 1.51 and a debt-to-equity ratio of 36.00.

Suncor Energy (TSE:SUGet Free Report) (NYSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The firm had revenue of C$14.14 billion for the quarter, compared to analysts’ expectations of C$11.33 billion. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. On average, analysts anticipate that Suncor Energy will post 4.9972527 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, June 4th. Suncor Energy’s payout ratio is currently 36.09%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. 0.01% of the stock is currently owned by corporate 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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