Suncor Energy (TSE:SU) Hits New 52-Week High at $56.30

Suncor Energy Inc. (TSE:SU) (NYSE:SU) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$56.30 and last traded at C$56.04, with a volume of 2490692 shares trading hands. The stock had previously closed at C$54.57.

Analysts Set New Price Targets

A number of research analysts have issued reports on SU shares. ATB Capital lifted their price objective on Suncor Energy from C$53.00 to C$57.50 and gave the company a “sector perform” rating in a research note on Wednesday. Desjardins lifted their price objective on Suncor Energy from C$54.00 to C$56.00 and gave the company a “hold” rating in a research note on Wednesday. Royal Bank of Canada lifted their price objective on Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group lifted their price objective on Suncor Energy from C$54.00 to C$62.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, National Bankshares boosted their price target on Suncor Energy from C$75.00 to C$79.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$62.42.

Suncor Energy Stock Performance

The business has a 50 day moving average of C$52.26 and a 200 day moving average of C$46.95. The company has a market capitalization of C$70.59 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.15 and a beta of 1.50. The company has a quick ratio of 0.83, a current ratio of 1.51 and a debt-to-equity ratio of 36.00.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The business had revenue of C$14.14 billion during the quarter, compared to analyst estimates of C$11.33 billion. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. On average, sell-side analysts predict that Suncor Energy Inc. will post 4.9972527 earnings per share for the current year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Tuesday, June 4th. Suncor Energy’s dividend payout ratio is currently 36.09%.

Insider Buying and Selling

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total transaction of C$549,960.00. In other news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. 0.01% of the stock is owned by corporate insiders.

About Suncor Energy

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.