Suncor Energy (TSE:SU) Given New C$76.00 Price Target at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its target price boosted by National Bankshares from C$73.00 to C$76.00 in a research report report published on Thursday morning,BayStreet.CA reports.

SU has been the topic of several other reports. Raymond James raised their price objective on Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada upped their price objective on shares of Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday. Jefferies Financial Group decreased their target price on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Finally, Desjardins upped their price target on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s 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 Price Performance

SU stock traded down C$0.18 during midday trading on Thursday, reaching C$56.66. The company had a trading volume of 1,389,581 shares, compared to its average volume of 7,818,083. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$57.50. The stock has a 50 day moving average price of C$52.61 and a 200-day moving average price of C$53.10. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The company has a market capitalization of C$71.96 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 annualized dividend and a dividend yield of 3.85%. Suncor Energy’s payout ratio is 37.46%.

Insiders Place Their Bets

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’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 transaction of C$2,131,558.00. Company insiders own 0.01% of the company’s stock.

About Suncor Energy

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.