Suncor Energy (TSE:SU) Upgraded by Desjardins to Moderate Buy Rating

Desjardins upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) from a hold rating to a moderate buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on SU. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. National Bankshares upped their price objective on shares of Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday. Royal Bank of Canada increased their price objective on shares of Suncor Energy from C$64.00 to C$66.00 in a report on Thursday. Raymond James boosted their target price on Suncor Energy from C$52.00 to C$56.00 in a report on Thursday. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$61.54.

Suncor Energy Trading Up 0.3 %

SU stock opened at C$57.00 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The business’s 50-day moving average is C$52.72 and its 200 day moving average is C$53.12. The stock has a market cap of C$72.39 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.50.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 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.