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

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU have been assigned an average rating of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$62.58.

Several brokerages have recently issued reports on SU. TD Securities reduced their price objective on 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. Wells Fargo & Company raised their price target on Suncor Energy from C$57.00 to C$59.00 in a research report on Thursday, May 22nd. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Desjardins lowered their target price 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, Jefferies Financial Group raised their price target on Suncor Energy from C$58.00 to C$59.00 in a research note on Monday, February 24th.

Suncor Energy Stock Performance

SU stock traded up C$0.50 during trading on Wednesday, reaching C$49.38. The company had a trading volume of 12,740,771 shares, compared to its average volume of 7,919,590. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$58.58. The company has a market cap of C$61.93 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The firm has a 50-day simple moving average of C$49.58 and a 200-day simple moving average of C$52.72.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is 34.42%.

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.