Suncor Energy Inc. (TSE:SU) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Suncor Energy Inc. has received a consensus rating of "Moderate Buy" from eleven research firms, with five analysts recommending a buy and one a strong buy.
• The company recently reported a quarterly dividend of $0.57, yielding 3.9% based on an annualized amount of $2.28.
• Current analysts' price targets for Suncor Energy have a one-year average of C$63.67, with varying estimates from different financial institutions.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has received a consensus rating of "Moderate Buy" from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$63.67.

Several equities research analysts recently commented on SU shares. Jefferies Financial Group boosted their price objective on shares of Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. Raymond James Financial boosted their price target on Suncor Energy from C$57.00 to C$58.00 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. TD Securities lifted their price objective on Suncor Energy from C$62.00 to C$63.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Gerdes Energy Research dropped their target price on Suncor Energy from C$79.00 to C$77.00 in a report on Thursday, September 11th. Finally, ATB Capital raised their price target on Suncor Energy from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th.

Suncor Energy Price Performance

Shares of SU stock opened at C$58.47 on Tuesday. The business's fifty day moving average is C$55.81 and its 200 day moving average is C$52.71. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The stock has a market cap of C$70.94 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.15 and a beta of 0.83. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$60.48.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its 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%. Research analysts expect that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.28 annualized dividend and a yield of 3.9%. Suncor Energy's payout ratio is 49.67%.

Insider Activity

In related news, insider David Jason Oldreive sold 4,542 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$57.50, for a total value of C$261,165.00. Also, Director Russell Girling bought 10,000 shares of Suncor Energy stock in a transaction on Thursday, August 14th. The stock was acquired at an average cost of C$53.48 per share, with a total value of C$534,790.00. Following the acquisition, the director owned 45,000 shares in the company, valued at approximately C$2,406,555. This represents a 28.57% increase in their position. Over the last quarter, insiders have sold 139,542 shares of company stock valued at $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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