Suncor Energy (TSE:SU) Given a C$69.00 Price Target at Gerdes Energy Research

Gerdes Energy Research set a C$69.00 target price on Suncor Energy (TSE:SU) (NYSE:SU) in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. TD Securities raised their price target on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Royal Bank of Canada lifted their price target on Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday, November 14th. UBS Group increased their price objective on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. National Bankshares lifted their target price on Suncor Energy from C$73.00 to C$76.00 in a report on Thursday, November 14th. Finally, Jefferies Financial Group dropped their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$62.32.

Suncor Energy Stock Performance

SU opened at C$56.93 on Monday. The company has a market cap of C$72.30 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The firm’s 50-day moving average price is C$53.63 and its 200-day moving average price is C$53.29. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$58.28.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 annualized dividend and a yield of 3.83%. Suncor Energy’s dividend payout ratio is presently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the company’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 value of C$2,843,700.00. 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.