Suncor Energy (TSE:SU) Price Target Raised to C$59.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by Jefferies Financial Group from C$58.00 to C$59.00 in a research note released on Monday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on SU. National Bankshares lifted their price target on Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada dropped their target price on Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. UBS Group boosted their target price on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Scotiabank boosted their target price on Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. Finally, Desjardins upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$62.61.

Suncor Energy Trading Down 0.8 %

Shares of TSE:SU opened at C$54.83 on Monday. Suncor Energy has a 12-month low of C$45.12 and a 12-month high of C$58.58. The business’s fifty day simple moving average is C$54.74 and its 200-day simple moving average is C$54.04. The company has a market capitalization of C$68.77 billion, a PE ratio of 8.66, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. Suncor Energy’s payout ratio is 34.42%.

Suncor Energy Company Profile

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.