Suncor Energy (TSE:SU – Free Report) (NYSE:SU) had its target price hoisted by Desjardins from C$56.00 to C$59.00 in a research note released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Other equities analysts have also issued reports about the stock. Wolfe Research raised shares of Suncor Energy to a strong-buy rating in a research report on Thursday, July 18th. Scotiabank lowered their target price on shares of Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. Raymond James set a C$51.00 price target on Suncor Energy and gave the company a market perform rating in a research note on Wednesday, May 29th. Wells Fargo & Company raised their price objective on Suncor Energy from C$61.00 to C$66.00 and gave the stock an overweight rating in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada upped their target price on Suncor Energy from C$60.00 to C$65.00 and gave the company an outperform rating in a research report on Wednesday, May 22nd. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Suncor Energy currently has an average rating of Hold and a consensus price target of C$61.75.
Check Out Our Latest Analysis on Suncor Energy
Suncor Energy Price Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$1.41 EPS for the quarter, beating analysts’ consensus estimates of C$1.23 by C$0.18. The firm had revenue of C$12.53 billion for the quarter, compared to analyst estimates of C$11.81 billion. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. Equities research analysts expect that Suncor Energy will post 5.7081192 EPS for the current year.
Suncor Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 25th were given a dividend of $0.545 per share. The ex-dividend date was Tuesday, June 4th. This represents a $2.18 annualized dividend and a dividend yield of 4.10%. Suncor Energy’s dividend payout ratio is currently 35.91%.
Insider Buying and Selling at Suncor Energy
In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00. Corporate insiders own 0.01% of the company’s stock.
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.
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