Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by Wells Fargo & Co from C$56.00 to C$59.00 in a report issued on Thursday morning.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada lifted their price target on shares of Suncor Energy from C$45.00 to C$47.00 and gave the company an outperform rating in a research report on Friday, October 27th. BMO Capital Markets reissued an outperform rating and issued a C$52.00 price target on shares of Suncor Energy in a research report on Monday, December 11th. TD Securities lowered shares of Suncor Energy from a buy rating to a hold rating and set a C$50.00 price target on the stock. in a research report on Thursday, November 16th. Raymond James Financial lifted their price target on shares of Suncor Energy from C$47.00 to C$52.00 and gave the company an outperform rating in a research report on Monday, December 4th. Finally, National Bank Financial lowered their price objective on shares of Suncor Energy from C$50.00 to C$49.00 and set an outperform rating on the stock in a research note on Friday, October 13th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Suncor Energy currently has a consensus rating of Buy and a consensus price target of C$50.71.

Suncor Energy (TSE SU) traded up C$0.24 during trading hours on Thursday, hitting C$47.35. 1,877,200 shares of the stock were exchanged, compared to its average volume of 2,520,000. Suncor Energy has a 12 month low of C$36.09 and a 12 month high of C$47.69. The company has a market capitalization of $77,990.00, a price-to-earnings ratio of 21.92 and a beta of 0.48.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.28 annualized dividend and a dividend yield of 2.70%. Suncor Energy’s payout ratio is 57.87%.

In other Suncor Energy news, insider Mark Stephen Little sold 1,000 shares of Suncor Energy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of C$45.51, for a total transaction of C$45,510.00. Also, insider Michael Roderick Macsween sold 55,000 shares of Suncor Energy stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of C$46.00, for a total transaction of C$2,530,000.00. In the last 90 days, insiders sold 56,100 shares of company stock worth $2,580,074.

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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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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