Jefferies Financial Group Issues Positive Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU - Free Report) NYSE: SU had its price target boosted by Jefferies Financial Group from C$54.00 to C$58.00 in a report issued on Tuesday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. Desjardins upgraded Suncor Energy from a "hold" rating to a "moderate buy" rating in a research note on Thursday, November 14th. TD Securities raised their price target on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 price objective on shares of Suncor Energy and gave the company a "buy" rating in a research report on Monday, November 25th. Raymond James reduced their target price on shares of Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. Finally, Royal Bank of Canada lowered their price target on Suncor Energy from C$66.00 to C$65.00 in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$62.11.

Suncor Energy Trading Down 0.1 %

TSE:SU traded down C$0.05 during midday trading on Tuesday, hitting C$57.10. 2,616,630 shares of the company traded hands, compared to its average volume of 5,484,953. 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 firm's fifty day moving average is C$54.19 and its 200-day moving average is C$53.44. The firm has a market capitalization of C$72.52 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy has a 12-month low of C$41.88 and a 12-month high of C$58.58.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, beating the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. During the same period in the prior year, the company earned $1.52 EPS. On average, sell-side analysts predict that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Suncor Energy's previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 3.99%. Suncor Energy's payout ratio is currently 37.46%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was 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 dated Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total value of C$2,843,700.00. 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.