A number of other brokerages also recently issued reports on SU. Canaccord Genuity increased their price objective on Suncor Energy from C$58.00 to C$64.00 in a research report on Tuesday, July 10th. National Bank Financial increased their price objective on Suncor Energy from C$64.00 to C$65.00 and gave the stock an outperform rating in a research report on Friday, July 27th. TD Securities increased their price objective on Suncor Energy from C$58.00 to C$59.00 and gave the stock a buy rating in a research report on Thursday, July 26th. Barclays increased their price objective on Suncor Energy from C$60.00 to C$68.00 in a research report on Wednesday, July 11th. Finally, CSFB increased their price objective on Suncor Energy from C$56.00 to C$65.00 in a research report on Wednesday, July 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Suncor Energy presently has an average rating of Buy and an average target price of C$60.88.
TSE:SU opened at C$47.75 on Tuesday. Suncor Energy has a 1 year low of C$40.49 and a 1 year high of C$55.47.
Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Wednesday, July 25th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.75 by C($0.02). The company had revenue of C$10.43 billion for the quarter, compared to analysts’ expectations of C$8.53 billion. Suncor Energy had a return on equity of 12.21% and a net margin of 15.36%.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 25th. Investors of record on Tuesday, September 4th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.02%.
In related news, insider Janice Odegaard sold 60,000 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of C$54.00, for a total value of C$3,240,000.00.
About Suncor Energy
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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