National Bankshares Issues Pessimistic Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU - Free Report) NYSE: SU had its price target reduced by National Bankshares from C$76.00 to C$65.00 in a research report released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on SU. UBS Group upped their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. JPMorgan Chase & Co. increased their price target on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Wells Fargo & Company decreased their price objective on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Royal Bank of Canada raised their target price on Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday, November 14th. Finally, Desjardins raised Suncor Energy from a "hold" rating to a "moderate buy" rating in a research note on Thursday, November 14th. Four equities research 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 stock. According to data from MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus price target of C$61.96.

Suncor Energy Price Performance

SU traded down C$0.51 on Thursday, hitting C$49.81. 6,184,929 shares of the company's stock were exchanged, compared to its average volume of 8,216,848. Suncor Energy has a fifty-two week low of C$41.88 and a fifty-two week high of C$58.28. The stock has a market cap of C$63.26 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 0.15 and a beta of 1.47. The firm has a 50-day moving average price of C$54.42 and a 200-day moving average price of C$53.26. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98.

Suncor Energy Increases Dividend

The company also recently declared 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 is a positive change from Suncor Energy's previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, December 3rd. This represents a $2.28 annualized dividend and a yield of 4.58%. Suncor Energy's payout ratio is 37.46%.

Insider Transactions at Suncor Energy

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction 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. Also, Senior Officer Shelley Powell sold 50,000 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Insiders own 0.01% of the company's stock.

About Suncor Energy

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.