Suncor Energy Inc. (TSE:SU) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Suncor Energy Inc. has received an average recommendation of "Moderate Buy" from twelve analysts, with six holding, five buying, and one strongly buying the stock.
• The average twelve-month price target for Suncor Energy is C$63.58, with some analysts notably raising their targets to C$68.00 and C$67.00.
• Suncor Energy recently announced a quarterly dividend of $0.57 per share, resulting in an annualized yield of 4.1% and a payout ratio of 49.67%.

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU have received an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$63.58.

SU has been the topic of a number of research reports. National Bankshares lifted their price target on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an "outperform" rating in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Suncor Energy from C$62.00 to C$67.00 and gave the stock an "outperform" rating in a report on Tuesday, October 7th. Gerdes Energy Research lowered their target price on shares of Suncor Energy from C$79.00 to C$77.00 in a report on Thursday, September 11th. Jefferies Financial Group boosted their target price on shares of Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. Finally, Desjardins boosted their target price on shares of Suncor Energy from C$64.00 to C$65.00 and gave the company a "buy" rating in a report on Thursday, August 7th.

Suncor Energy Trading Up 0.6%

TSE:SU opened at C$55.73 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The stock has a market capitalization of C$68.41 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.15 and a beta of 0.76. The firm's 50 day moving average is C$56.54 and its 200 day moving average is C$53.02. Suncor Energy has a 12 month low of C$43.59 and a 12 month high of C$60.48.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings results on Tuesday, August 5th. The company reported C$0.71 EPS for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. Sell-side analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.28 dividend on an annualized basis and a yield of 4.1%. Suncor Energy's payout ratio is presently 49.67%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Director Russell Girling bought 10,000 shares of the stock in a transaction on Thursday, August 14th. The shares were acquired at an average price of C$53.48 per share, with a total value of C$534,790.00. Following the acquisition, the director directly owned 45,000 shares of the company's stock, valued at C$2,406,555. The trade was a 28.57% increase in their position. Also, insider David Jason Oldreive sold 4,542 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$57.50, for a total transaction of C$261,165.00. Over the last three months, insiders have sold 139,542 shares of company stock worth $8,052,015. Company insiders own 0.01% of the company's stock.

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.

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