Suncor Energy Inc. (TSE:SU) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU have earned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$62.00.

Several research firms have weighed in on SU. TD Securities cut their target price on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group raised their target price on Suncor Energy from C$48.00 to C$53.00 in a report on Monday. JPMorgan Chase & Co. cut their target price on 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. Wells Fargo & Company raised their target price on Suncor Energy from C$59.00 to C$60.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Desjardins cut their target price on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

Insider Buying and Selling

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was 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 business's stock in a transaction on Friday, June 6th. The stock was bought at an average cost of C$50.41 per share, with a total value of C$504,100.00. Company insiders own 0.01% of the company's stock.

Suncor Energy Trading Down 1.0%

Shares of SU opened at C$53.56 on Thursday. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. Suncor Energy has a 12 month low of C$43.59 and a 12 month high of C$58.58. The stock's 50-day moving average is C$51.60 and its two-hundred day moving average is C$52.37. The stock has a market cap of C$67.18 billion, a PE ratio of 8.46, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were given a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $2.28 annualized dividend and a yield of 4.26%. Suncor Energy's dividend payout ratio is presently 34.42%.

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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