Suncor Energy (TSE:SU) Hits New 12-Month High - Time to Buy?

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU reached a new 52-week high during trading on Monday . The company traded as high as C$58.33 and last traded at C$58.17, with a volume of 1101346 shares changing hands. The stock had previously closed at C$56.80.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SU shares. Wells Fargo & Company dropped their price objective on Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Desjardins upgraded shares of Suncor Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, November 14th. Raymond James reduced their price objective on shares of Suncor Energy from C$56.00 to C$55.00 in a research note on Friday, December 13th. Royal Bank of Canada raised their target price on shares of Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday, November 14th. Finally, Jefferies Financial Group cut their price target on shares of Suncor Energy from C$62.00 to C$54.00 and set a "hold" rating on the stock in a report on Friday, December 20th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of "Moderate Buy" and an average price target of C$61.89.

Suncor Energy Trading Down 0.1 %

The company has a fifty day moving average of C$53.93 and a 200-day moving average of C$53.25. 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 company has a market capitalization of C$72.05 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were paid a $0.57 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Tuesday, December 3rd. Suncor Energy's dividend payout ratio (DPR) is currently 37.46%.

Insider Transactions at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value 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 stock was sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. 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.