Suncor Energy (TSE:SU) Upgraded at Desjardins

Desjardins upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) from a hold rating to a moderate buy rating in a research note released on Thursday,Zacks.com reports.

SU has been the subject of a number of other reports. Raymond James boosted their target price on shares of Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Scotiabank upped their price objective on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$64.00 to C$66.00 in a report on Thursday. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Trading Up 0.0 %

SU stock traded up C$0.01 during mid-day trading on Thursday, reaching C$56.85. 1,214,566 shares of the stock traded hands, compared to its average volume of 7,817,294. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. Suncor Energy has a one year low of C$40.07 and a one year high of C$57.50. The stock has a market capitalization of C$72.20 billion, a PE ratio of 9.82, a PEG ratio of 0.15 and a beta of 1.47. The business has a 50-day moving average price of C$52.61 and a two-hundred day moving average price of C$53.10.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.83%. Suncor Energy’s dividend payout ratio is currently 37.46%.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’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. 0.01% of the stock is owned by corporate insiders.

Suncor Energy Company Profile

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.