Suncor Energy (TSE:SU) Given New C$65.00 Price Target at Royal Bank of Canada

Suncor Energy (TSE:SU) (NYSE:SU) had its target price cut by Royal Bank of Canada from C$66.00 to C$65.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Several other equities analysts also recently weighed in on the company. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. TD Securities increased their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. UBS Group lifted their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Finally, Gerdes Energy Research set a C$69.00 price objective on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$61.82.

Suncor Energy Trading Up 0.7 %

SU opened at C$57.11 on Tuesday. The stock has a 50-day moving average of C$54.00 and a 200 day moving average of C$53.29. 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 has a 12 month low of C$41.88 and a 12 month high of C$58.58. The firm has a market cap of C$72.53 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were issued a dividend of $0.57 per share. The ex-dividend date was Tuesday, December 3rd. This is a positive change 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 3.99%. Suncor Energy’s payout ratio is 37.46%.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. 0.01% of the stock is owned by insiders.

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.