Suncor Energy (TSE:SU) Raised to “Strong-Buy” at Tudor Pickering

Tudor Pickering upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on SU. Wells Fargo & Company cut their price objective on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. TD Securities increased their price target on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. UBS Group raised their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. JPMorgan Chase & Co. upped their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Finally, Raymond James raised their target price on shares of Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$62.54.

Suncor Energy Trading Up 2.6 %

Shares of Suncor Energy stock opened at C$58.05 on Monday. The firm’s 50 day simple moving average is C$54.00 and its two-hundred day simple moving average is C$53.77. The firm has a market capitalization of C$73.72 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 12-month low of C$42.43 and a 12-month high of C$58.58. 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 (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. During the same quarter last year, the firm earned $1.52 EPS. Analysts predict that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.93%. Suncor Energy’s payout ratio is 37.46%.

Insider Transactions at Suncor Energy

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the business’s 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 value of C$2,843,700.00. Corporate insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

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.