Suncor Energy (TSE:SU) Given a C$52.00 Price Target by Raymond James Analysts

Raymond James set a C$52.00 price objective on Suncor Energy (TSE:SU) (NYSE:SU) in a research note published on Tuesday morning, BayStreet.CA reports.

A number of other equities analysts have also recently commented on SU. Wolfe Research raised Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Desjardins lifted their target price on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Scotiabank reduced their target price on shares of Suncor Energy from C$61.00 to C$60.00 in a research report on Friday, July 12th. TD Securities boosted their price target on shares of Suncor Energy from C$59.00 to C$60.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a research note on Wednesday, August 7th. 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.com, the company has an average rating of “Moderate Buy” and an average price target of C$60.04.

Suncor Energy Stock Performance

Shares of TSE SU opened at C$54.00 on Tuesday. Suncor Energy has a 1 year low of C$40.07 and a 1 year high of C$57.32. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The company’s fifty day moving average price is C$53.13 and its 200 day moving average price is C$52.82. The company has a market capitalization of C$68.58 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, beating the consensus estimate of C$1.06 by C$0.21. The firm had revenue of C$13.04 billion during the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. On average, research analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were issued a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 annualized dividend and a dividend yield of 4.04%. Suncor Energy’s dividend payout ratio is presently 37.46%.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is currently owned by company insiders.

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.