Suncor Energy (TSE:SU) Price Target Cut to C$65.00 by Analysts at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its target price cut by National Bankshares from C$76.00 to C$65.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on SU. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Wells Fargo & Company decreased their price target on shares of Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Royal Bank of Canada lifted their price target on Suncor Energy from C$64.00 to C$66.00 in a report on Thursday, November 14th. Finally, Raymond James lowered their price target on Suncor Energy from C$56.00 to C$55.00 in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average price target of C$61.96.

Suncor Energy Trading Down 1.0 %

Shares of TSE:SU opened at C$49.81 on Thursday. Suncor Energy has a twelve month low of C$41.88 and a twelve month high of C$58.28. The firm has a market cap of C$63.26 billion, a P/E ratio of 8.56, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a 50 day moving average of C$54.31 and a 200-day moving average of C$53.23. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th will be issued a dividend of $0.57 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.28 annualized dividend and a yield of 4.58%. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

Insider Buying and Selling

In related news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. 0.01% of the stock is currently owned by company insiders.

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.