National Bankshares Increases Suncor Energy (TSE:SU) Price Target to C$68.00

Suncor Energy (TSE:SU - Free Report) NYSE: SU had its target price upped by National Bankshares from C$65.00 to C$68.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. UBS Group boosted their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the company a "buy" rating in a research report on Monday, November 25th. Jefferies Financial Group raised their target price on Suncor Energy from C$54.00 to C$58.00 in a research report on Thursday. Royal Bank of Canada reduced their price target on shares of Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Four investment 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. Based on data from MarketBeat, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of C$62.32.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded down C$1.40 during trading on Thursday, hitting C$54.53. 4,217,288 shares of the company's stock traded hands, compared to its average volume of 4,909,061. Suncor Energy has a 1 year low of C$42.43 and a 1 year high of C$58.58. The business has a 50-day simple moving average of C$54.13 and a 200-day simple moving average of C$53.62. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The stock has a market capitalization of C$69.25 billion, a P/E ratio of 9.37, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, topping analysts' consensus estimates 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 last year, the firm earned $1.52 earnings per share. As a group, analysts forecast 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. Investors of record on Tuesday, December 24th were paid a dividend of $0.57 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.18%. Suncor Energy's payout ratio is 37.46%.

Insiders Place Their Bets

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company's stock in a transaction that occurred on 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 Suncor Energy stock in a transaction that occurred 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. 0.01% of the stock is currently owned by company insiders.

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.