Suncor Energy Inc. (SU.TO) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts are moderately bullish on Suncor Energy: Thirteen research firms assign the stock an average “Moderate Buy” rating, with eight buys, four holds and one strong buy. The average 12-month price target is C$100.94.
• Suncor shares opened at C$103.04, near their 52-week high of C$103.36, and have gained 2.1%. The company reported C$3.23 in quarterly EPS on C$17.50 billion in revenue, while analysts expect full-year EPS of C$4.42.
• The company declared a quarterly dividend of $0.60, equivalent to $2.40 annually and a 2.3% yield. However, insiders sold nearly 80,000 shares worth approximately $7.3 million over the past 90 days.

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU have received an average rating of "Moderate Buy" from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$100.94.

SU has been the subject of several analyst reports. Scotiabank upgraded Suncor Energy to a "strong-buy" rating in a report on Friday, June 26th. ATB Cormark Capital Markets lifted their price target on shares of Suncor Energy from C$108.00 to C$110.00 and gave the company an "outperform" rating in a research report on Tuesday. National Bank Financial upped their price objective on shares of Suncor Energy from C$118.00 to C$146.00 and gave the stock an "outperform" rating in a report on Wednesday, September 30th. JPMorgan Chase & Co. raised their target price on shares of Suncor Energy from C$107.00 to C$114.00 in a research note on Thursday, August 13th. Finally, Raymond James Financial upped their price target on shares of Suncor Energy from C$109.00 to C$118.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th.

Suncor Energy Trading Up 2.1%

Suncor Energy stock opened at C$103.04 on Friday. Suncor Energy has a one year low of C$53.02 and a one year high of C$103.36. The company's fifty day moving average price is C$94.16 and its two-hundred day moving average price is C$89.73. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. The company has a market capitalization of C$120.52 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.15 and a beta of 0.18.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. The company had revenue of C$17.50 billion during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. On average, analysts forecast that Suncor Energy will post 4.42 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, September 4th. Suncor Energy's dividend payout ratio is currently 31.64%.

Insiders Place Their Bets

In related news, insider Adam Husain Albeldawi sold 1,173 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$95.01, for a total transaction of C$111,446.73. Also, insider Peter Douglas Zebedee sold 5,000 shares of the business's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00. Insiders have sold a total of 79,792 shares of company stock valued at $7,294,928 in the last 90 days. 0.01% of the stock is currently owned by corporate insiders.

Suncor Energy Company Profile

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.

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