Suncor Energy (TSE:SU) Reaches New 12-Month High on Analyst Upgrade

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU shares reached a new 52-week high during mid-day trading on Friday after Desjardins upgraded the stock from a hold rating to a moderate buy rating. The stock traded as high as C$57.50 and last traded at C$57.46, with a volume of 580157 shares traded. The stock had previously closed at C$56.84.

A number of other research firms have also recently commented on SU. TD Securities raised their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday. Wolfe Research upgraded shares of Suncor Energy to a "strong-buy" rating in a research note on Thursday, July 18th. Jefferies Financial Group cut their price target on Suncor Energy from C$62.00 to C$55.00 and set a "hold" rating for the company in a research note on Monday, September 16th. Royal Bank of Canada boosted their price objective on Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday. Finally, BMO Capital Markets upgraded Suncor Energy from a "market perform" rating to an "outperform" rating and set a C$62.00 target price for the company in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$61.54.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is currently owned by corporate insiders.

Suncor Energy Stock Up 0.3 %

The company's fifty day simple moving average is C$52.61 and its 200-day simple moving average is C$53.10. 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 firm has a market capitalization of C$72.39 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a $0.545 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 3.82%. Suncor Energy's dividend payout ratio (DPR) is 37.46%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.