Suncor Energy (TSE:SU) PT Raised to C$52.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by Raymond James from C$51.00 to C$52.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a market perform rating on the stock. Raymond James also issued estimates for Suncor Energy’s FY2024 earnings at $5.02 EPS, FY2025 earnings at $4.72 EPS, FY2026 earnings at $4.20 EPS and FY2027 earnings at $4.20 EPS.

SU has been the topic of several other reports. Desjardins increased their price objective 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. Wells Fargo & Company increased their price target on Suncor Energy from C$61.00 to C$66.00 and gave the company an overweight rating in a research report on Wednesday, May 22nd. CIBC boosted their price objective 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. Royal Bank of Canada lifted their price target on shares of Suncor Energy from C$65.00 to C$67.00 in a research note on Thursday. Finally, National Bankshares increased their price objective on shares of Suncor Energy from C$75.00 to C$77.00 in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$61.96.

Suncor Energy Trading Down 0.3 %

TSE SU traded down C$0.15 during trading on Thursday, hitting C$54.48. The stock had a trading volume of 8,465,571 shares, compared to its average volume of 7,904,955. The company has a quick ratio of 0.83, a current ratio of 1.51 and a debt-to-equity ratio of 36.00. The company has a market capitalization of C$69.73 billion, a PE ratio of 8.98, a PEG ratio of 0.15 and a beta of 1.50. The firm has a 50 day moving average price of C$52.26 and a 200 day moving average price of C$50.41. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$56.69.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$1.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.23 by C$0.18. The firm had revenue of C$12.53 billion during the quarter, compared to analysts’ expectations of C$11.81 billion. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. As a group, equities research analysts forecast that Suncor Energy will post 5.7081192 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a $0.545 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 4.00%. Suncor Energy’s dividend payout ratio (DPR) is presently 35.91%.

Insiders Place Their Bets

In related news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the company’s stock in a transaction dated 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.

About Suncor Energy

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.