Suncor Energy (TSE:SU) PT Set at C$67.00 by Royal Bank of Canada

Royal Bank of Canada set a C$67.00 price objective on Suncor Energy (TSE:SU) (NYSE:SU) in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on SU. Raymond James raised their price objective on Suncor Energy from C$51.00 to C$52.00 and gave the company a market perform rating in a research report on Thursday, August 8th. BMO Capital Markets upgraded shares of Suncor Energy from a market perform rating to an outperform rating and set a C$62.00 price objective on the stock in a research report on Wednesday, August 7th. ATB Capital upped 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. Wells Fargo & Company boosted their target price on shares of Suncor Energy from C$61.00 to C$66.00 and gave the company an overweight rating in a research note on Wednesday, May 22nd. Finally, National Bankshares lifted their price target on shares of Suncor Energy from C$75.00 to C$77.00 in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$61.46.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at C$49.92 on Friday. The stock’s fifty day moving average is C$53.16 and its 200 day moving average is C$52.12. Suncor Energy has a one year low of C$40.07 and a one year high of C$57.32. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The stock has a market cap of C$63.40 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.15 and a beta of 1.49.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data 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. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. The firm had revenue of C$13.04 billion during the quarter, compared to analyst estimates of C$11.59 billion. Sell-side analysts anticipate that Suncor Energy will post 4.7260019 earnings per share for the current year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Wednesday, September 4th. Suncor Energy’s payout ratio is 37.46%.

Insider Transactions at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’s stock in a transaction that occurred 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 Suncor Energy stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. Company 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.