Suncor Energy (TSE:SU) Price Target Raised to C$125.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price raised by ATB Cormark Capital Markets from C$100.00 to C$125.00 in a research report report published on Thursday morning,BayStreet reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and upped their price objective for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. TD boosted their price target on Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Desjardins upped their price target on Suncor Energy from C$110.00 to C$117.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. JPMorgan Chase & Co. upped their price target on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. Finally, Raymond James Financial increased their price objective on Suncor Energy from C$109.00 to C$118.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$103.06.

Suncor Energy Stock Up 2.6%

Shares of TSE SU opened at C$111.18 on Thursday. The firm’s fifty day moving average is C$98.08 and its 200 day moving average is C$91.00. Suncor Energy has a 52 week low of C$54.55 and a 52 week high of C$112.80. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. The company has a market cap of C$130.04 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.15 and a beta of 0.18.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. The business had revenue of C$17.50 billion during the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. On average, equities research analysts expect that Suncor Energy will post 4.42 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were issued a $0.60 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.40 annualized dividend and a yield of 2.2%. Suncor Energy’s dividend payout ratio is 31.64%.

Insiders Place Their Bets

In other news, insider Shelley Powell sold 41,911 shares of Suncor Energy stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total transaction of C$3,671,403.60. Following the sale, the insider owned 27,705 shares of the company’s stock, valued at approximately C$2,426,958. The trade was a 60.20% decrease in their position. Also, insider Richard Michael Kruger sold 15,378 shares of Suncor Energy stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total transaction of C$1,458,449.52. In the last ninety days, insiders sold 79,792 shares of company stock worth $7,294,928. Company insiders own 0.01% of the company’s stock.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.