Suncor Energy (TSE:SU) Given New C$62.00 Price Target at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by TD Securities from C$60.00 to C$62.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Several other analysts have also weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. National Bankshares dropped their price target on Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th. Wolfe Research raised Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Desjardins raised their target price on Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada cut their price target on Suncor Energy from C$67.00 to C$64.00 in a report on Tuesday, September 17th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$60.79.

Suncor Energy Trading Up 4.2 %

Shares of Suncor Energy stock opened at C$55.40 on Wednesday. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.32. The stock has a market capitalization of C$70.36 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a 50-day simple moving average of C$52.49 and a 200 day simple moving average of C$53.06. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were paid 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 yield of 3.94%. Suncor Energy’s payout ratio is presently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction 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. Company 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.