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

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by National Bankshares from C$73.00 to C$76.00 in a report issued on Thursday morning,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Scotiabank upped their price target on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Desjardins raised their price objective on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Raymond James boosted their target price on Suncor Energy from C$52.00 to C$56.00 in a report on Thursday. Finally, Royal Bank of Canada lifted their price objective on Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and an average price target of C$61.54.

Suncor Energy Stock Performance

Suncor Energy stock traded down C$0.18 on Thursday, reaching C$56.66. 1,389,581 shares of the stock were exchanged, compared to its average volume of 7,818,083. 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 has a twelve month low of C$40.07 and a twelve month high of C$57.50. The firm has a fifty day moving average price of C$52.61 and a two-hundred day moving average price of C$53.10. The stock has a market cap of C$71.96 billion, a PE ratio of 9.82, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. Insiders own 0.01% of the company’s stock.

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.