National Bankshares Cuts Suncor Energy (TSE:SU) Price Target to C$65.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective cut by National Bankshares from C$76.00 to C$65.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

SU has been the subject of several other reports. Gerdes Energy Research set a C$69.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a research note on Monday, November 25th. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. Wells Fargo & Company reduced their target price on Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$64.00 to C$66.00 in a report on Thursday, November 14th. Finally, Scotiabank raised their target price on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$61.96.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$49.81 on Thursday. Suncor Energy has a fifty-two week low of C$41.88 and a fifty-two week high of C$58.28. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The firm has a fifty day moving average price of C$54.31 and a 200 day moving average price of C$53.23. The firm has a market cap of C$63.26 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th will be issued a dividend of $0.57 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 4.58%. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s payout ratio is currently 37.46%.

Insider Buying and Selling at Suncor Energy

In related news, Senior Officer Shelley Powell sold 50,000 shares of the stock in a transaction 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. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Insiders own 0.01% of the company’s stock.

About Suncor Energy

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.