Suncor Energy (TSE:SU) Given New C$76.00 Price Target at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by National Bankshares from C$73.00 to C$76.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the stock. Wolfe Research raised shares of 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 target on the stock in a research note on Wednesday, August 7th. TD Securities increased their price target on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Scotiabank boosted their price objective on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Finally, Jefferies Financial Group cut their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Five research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Stock Performance

Shares of SU stock opened at C$57.00 on Thursday. The firm has a 50 day moving average of C$52.72 and a 200-day moving average of C$53.12. The company has a market cap of C$72.39 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.50.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is 37.46%.

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.