Suncor Energy (TSE:SU) Upgraded to Strong-Buy at Tudor Pickering

Tudor Pickering upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Gerdes Energy Research set a C$69.00 price target on Suncor Energy and gave the stock a “buy” rating in a research note on Monday, November 25th. National Bankshares boosted their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Wells Fargo & Company cut their target price on Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Finally, Jefferies Financial Group upped their price target on Suncor Energy from C$54.00 to C$58.00 in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$62.54.

Suncor Energy Stock Performance

SU stock opened at C$58.05 on Monday. The company has a market cap of C$73.72 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy has a 1 year low of C$42.43 and a 1 year high of C$58.58. The stock’s fifty day moving average price is C$54.00 and its 200-day moving average price is C$53.77.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, topping 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 previous year, the firm posted $1.52 EPS. On average, equities analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders 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 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is currently 37.46%.

Insider Activity

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction 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.