Suncor Energy (TSE:SU) Price Target Cut to C$55.00 by Analysts at Raymond James

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective decreased by Raymond James from C$56.00 to C$55.00 in a research report released on Friday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on SU. UBS Group lifted their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. National Bankshares boosted their target price on shares of Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday, November 14th. Jefferies Financial Group decreased their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Gerdes Energy Research set a C$69.00 price target on Suncor Energy and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company decreased their price objective on Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$62.75.

Suncor Energy Trading Down 1.0 %

Shares of TSE SU opened at C$52.37 on Friday. 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 12 month low of C$41.30 and a 12 month high of C$58.28. The company has a market cap of C$66.51 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 0.15 and a beta of 1.47. The business has a fifty day simple moving average of C$54.62 and a 200-day simple moving average of C$53.36.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 4.35%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is presently 37.46%.

Insiders Place Their Bets

In related news, Senior Officer Shelley Powell sold 50,000 shares of the stock in a transaction that occurred 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. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s 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 value of C$5,995,185.00. Insiders own 0.01% of the company’s stock.

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.