Suncor Energy (TSE:SU) PT Lowered to C$55.00 at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective trimmed by Jefferies Financial Group from C$62.00 to C$55.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other analysts also recently issued reports about the company. Wolfe Research raised Suncor Energy to a strong-buy rating in a research note on Thursday, July 18th. Desjardins upped their price objective on shares of Suncor Energy from C$56.00 to C$59.00 and gave the company a hold rating in a report on Tuesday, July 23rd. 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 report on Wednesday, August 7th. Raymond James upped their price objective on shares of Suncor Energy from C$51.00 to C$52.00 and gave the company a market perform rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company upped their price objective on shares of Suncor Energy from C$61.00 to C$66.00 and gave the company an overweight rating in a report on Wednesday, May 22nd. Six research 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. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of C$61.25.

Suncor Energy Trading Up 1.5 %

Shares of SU stock opened at C$51.13 on Monday. 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 cap of C$64.94 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.15 and a beta of 1.49. The stock has a 50 day simple moving average of C$53.12 and a 200-day simple moving average of C$52.18. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$57.32.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.21. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. The company had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. On average, equities research analysts expect that Suncor Energy will post 4.7260019 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00. In other news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00. Also, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s 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 insiders.

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.