Suncor Energy Inc. (TSE:SU) Receives C$62.58 Consensus Price Target from Analysts

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$62.58.

A number of brokerages recently commented on SU. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Jefferies Financial Group lifted their price target on Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. TD Securities decreased their price target on shares of Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Desjardins reduced their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Raymond James Financial lifted their price target on shares of Suncor Energy from C$54.00 to C$56.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th.

Suncor Energy Trading Up 0.1%

Shares of TSE SU traded up C$0.06 during trading hours on Friday, hitting C$55.20. The company's stock had a trading volume of 10,506,752 shares, compared to its average volume of 8,705,202. The business has a 50-day simple moving average of C$50.02 and a 200-day simple moving average of C$52.27. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The stock has a market cap of C$69.23 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy has a 12 month low of C$43.59 and a 12 month high of C$58.58.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th will be given a dividend of $0.57 per share. The ex-dividend date is Wednesday, June 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.13%. Suncor Energy's payout ratio is currently 34.42%.

Insiders Place Their Bets

In related news, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of C$55.99, for a total value of C$1,432,478.57. Also, Director Russell Girling bought 10,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost of C$50.41 per share, for a total transaction of C$504,100.00. 0.01% of the stock is owned by company insiders.

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.