Suncor Energy (TSE:SU – Free Report) (NYSE:SU) had its target price trimmed by Royal Bank of Canada from C$67.00 to C$64.00 in a research note released on Tuesday, BayStreet.CA reports.
A number of other research firms have also recently weighed in on SU. Wolfe Research upgraded Suncor Energy to a strong-buy rating in a report on Thursday, July 18th. BMO Capital Markets upgraded Suncor Energy from a market perform rating to an outperform rating and set a C$62.00 target price for the company in a research note on Wednesday, August 7th. Desjardins increased their target price on Suncor Energy from C$56.00 to C$59.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. Jefferies Financial Group reduced their target price on Suncor Energy from C$62.00 to C$55.00 and set a hold rating for the company in a research note on Monday. Finally, ATB Capital increased their target price on Suncor Energy from C$53.00 to C$57.50 and gave the company a sector perform rating in a research note on Wednesday, May 22nd. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Suncor Energy currently has a consensus rating of Moderate Buy and a consensus target price of C$61.25.
Suncor Energy Stock Up 1.5 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.21. The firm had revenue of C$13.04 billion during the quarter, compared to analysts’ expectations of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. As a group, sell-side analysts predict that Suncor Energy will post 4.7260019 EPS for the current fiscal year.
Suncor Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Wednesday, September 4th. Suncor Energy’s dividend payout ratio is currently 37.46%.
Insider Activity at Suncor Energy
In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$51.66, for a total value of C$5,165,900.00. In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. Also, Senior Officer Kristopher Peter Smith sold 100,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$51.66, for a total value of C$5,165,900.00. Corporate 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.
Recommended Stories
- Five stocks we like better than Suncor Energy
- What is a Stock Market Index and How Do You Use Them?
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- 3 Grocery Stocks That Are Proving They Are Still Essential
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- The Most Important Warren Buffett Stock for Investors: His Own
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.