Gerdes Energy Research Analysts Give Suncor Energy (TSE:SU) a C$69.00 Price Target

Gerdes Energy Research set a C$69.00 price objective on Suncor Energy (TSE:SU) (NYSE:SU) in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Royal Bank of Canada lifted their price objective on Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday, November 14th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research report on Wednesday, August 7th. Jefferies Financial Group dropped their price target on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. TD Securities raised their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Finally, National Bankshares lifted their target price on shares of Suncor Energy from C$73.00 to C$76.00 in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of C$62.32.

Suncor Energy Stock Down 0.2 %

TSE:SU opened at C$55.51 on Monday. The company has a market cap of C$70.50 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 0.15 and a beta of 1.47. 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 stock’s fifty day moving average price is C$53.85 and its two-hundred day moving average price is C$53.33. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$58.28.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is currently 37.46%.

Insider Activity

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s stock in a transaction 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 stock was 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 currently owned by company 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.