Suncor Energy (TSE:SU) Price Target Raised to C$62.00 at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective upped by TD Securities from C$60.00 to C$62.00 in a report issued on Wednesday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Wolfe Research upgraded Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock in a research note on Wednesday, August 7th. Raymond James set a C$52.00 price objective on Suncor Energy in a research note on Tuesday, October 15th. Royal Bank of Canada decreased their target price on shares of Suncor Energy from C$67.00 to C$64.00 in a research note on Tuesday, September 17th. Finally, National Bankshares dropped their price target on shares of Suncor Energy from C$77.00 to C$73.00 in a research report on Friday, September 27th. Five investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Stock Performance

SU opened at C$57.00 on Wednesday. The company’s 50 day moving average is C$52.72 and its 200 day moving average is C$53.12. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The company has a market cap of C$72.39 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.50.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued 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 3.82%. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insider Activity at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value 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.