Wells Fargo & Company Boosts Suncor Energy (TSE:SU) Price Target to C$66.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price lifted by Wells Fargo & Company from C$61.00 to C$66.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities analysts also recently commented on the company. CIBC raised their target price 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. TD Securities lifted their price objective on Suncor Energy from C$52.00 to C$57.00 and gave the company a hold rating in a report on Wednesday. National Bankshares upped their target price on shares of Suncor Energy from C$75.00 to C$79.00 and gave the stock an outperform rating in a report on Wednesday. Royal Bank of Canada lifted their price target on shares of Suncor Energy from C$58.00 to C$60.00 in a report on Thursday, May 9th. Finally, BMO Capital Markets upped their price objective on shares of Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of C$62.42.

Suncor Energy Trading Down 0.2 %

Shares of SU stock opened at C$55.06 on Wednesday. The firm has a fifty day moving average of C$52.51 and a 200-day moving average of C$47.09. The stock has a market cap of C$70.48 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.15 and a beta of 1.50. Suncor Energy has a 52-week low of C$37.09 and a 52-week high of C$56.69. The company has a debt-to-equity ratio of 36.00, a quick ratio of 0.83 and a current ratio of 1.51.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The firm had revenue of C$14.14 billion during the quarter, compared to analyst estimates of C$11.33 billion. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. On average, equities research analysts forecast 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. Stockholders of record on Tuesday, June 4th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 36.09%.

Insider Activity at Suncor Energy

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

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.