Suncor Energy (TSE:SU) Hits New 52-Week High – Still a Buy?

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) reached a new 52-week high during trading on Tuesday . The company traded as high as C$96.09 and last traded at C$95.79, with a volume of 221181 shares traded. The stock had previously closed at C$93.99.

Analysts Set New Price Targets

A number of research firms have commented on SU. Royal Bank Of Canada lifted their price objective on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. National Bank Financial lifted their price objective on shares of Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. TD Securities lifted their price objective on shares of Suncor Energy from C$81.00 to C$91.00 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. Wells Fargo & Company lifted their price objective on shares of Suncor Energy from C$74.00 to C$97.00 in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Suncor Energy from C$105.00 to C$106.00 in a research report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$93.13.

Suncor Energy Stock Up 1.2%

The company has a quick ratio of 0.83, a current ratio of 1.42 and a debt-to-equity ratio of 32.36. The company has a market cap of C$112.34 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 0.15 and a beta of 0.37. The stock has a fifty day moving average price of C$87.89 and a two-hundred day moving average price of C$73.71.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 earnings per share for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The business had revenue of C$14.48 billion during the quarter. As a group, sell-side analysts expect that Suncor Energy Inc. will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 2.5%. Suncor Energy’s dividend payout ratio is currently 44.49%.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.