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

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU have received an average recommendation of "Moderate Buy" from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$62.58.

SU has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. TD Securities reduced their price objective on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial upped their price objective on Suncor Energy from C$54.00 to C$56.00 and gave the company a "market perform" rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their target price on Suncor Energy from C$57.00 to C$59.00 in a report on Thursday, May 22nd. Finally, Scotiabank upgraded Suncor Energy to a "hold" rating in a report on Wednesday, March 19th.

Suncor Energy Price Performance

Shares of SU stock traded down C$0.47 during trading hours on Friday, hitting C$52.09. The stock had a trading volume of 7,680,398 shares, compared to its average volume of 8,745,687. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. The stock has a market capitalization of C$65.33 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a one year low of C$43.59 and a one year high of C$58.58. The stock's 50-day moving average price is C$50.28 and its two-hundred day moving average price is C$52.25.

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 issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $2.28 dividend on an annualized basis and a yield of 4.38%. Suncor Energy's payout ratio is 34.42%.

Insider Buying and Selling at Suncor Energy

In other news, Director Russell Girling purchased 10,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were acquired at an average price of C$50.41 per share, with a total value of C$504,100.00. Also, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the firm's 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. 0.01% of the stock is owned by corporate 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.