Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Equities research analysts at National Bank Financial boosted their FY2019 EPS estimates for shares of Suncor Energy in a research report issued to clients and investors on Wednesday. National Bank Financial analyst T. Wood now expects that the company will post earnings of $3.20 per share for the year, up from their prior estimate of $3.17. National Bank Financial has a “Outperform” rating and a $56.00 price target on the stock.
Several other research firms have also commented on SU. Wells Fargo boosted their price target on shares of Suncor Energy from C$56.00 to C$59.00 in a report on Thursday, January 11th. Barclays boosted their price target on shares of Suncor Energy from C$50.00 to C$52.00 in a report on Friday, February 9th. Royal Bank of Canada boosted their price target on shares of Suncor Energy from C$49.00 to C$52.00 in a report on Friday, February 9th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$52.00 price target for the company in a report on Friday, February 9th. Finally, Eight Capital set a C$56.00 price target on shares of Suncor Energy and gave the company a “neutral” rating in a report on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Suncor Energy has a consensus rating of “Buy” and a consensus price target of C$51.50.
Shares of Suncor Energy (SU) opened at C$42.91 on Friday. Suncor Energy has a twelve month low of C$36.09 and a twelve month high of C$47.69. The firm has a market cap of $69,340.00, a PE ratio of 16.01 and a beta of 0.45.
In other news, Director Dominic D’alessandro acquired 30,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average price of C$42.20 per share, with a total value of C$1,266,000.00. Also, insider Steven Walter Williams sold 2,000 shares of Suncor Energy stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$43.32, for a total transaction of C$86,640.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be given a $0.36 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.36%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.32. Suncor Energy’s payout ratio is presently 47.76%.
About Suncor Energy
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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