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

Key Points

• Suncor Energy Inc. has received an average recommendation of "Moderate Buy" from twelve analysts, with a consensus price target of C$62.67.
• Recent price target revisions include increases from Jefferies Financial Group to C$53.00 and from Wells Fargo to C$60.00, reflecting positive sentiment towards the stock.
• The company reported earnings of C$0.71 per share in its latest financial results, with a quarterly dividend of $0.57 indicating a 4.2% dividend yield.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has been assigned a consensus recommendation of "Moderate Buy" from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$62.67.

A number of brokerages have issued reports on SU. Jefferies Financial Group boosted their price objective on shares of Suncor Energy from C$48.00 to C$53.00 in a research report on Monday, July 14th. ATB Capital boosted their price objective on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Desjardins boosted their price objective on shares of Suncor Energy from C$64.00 to C$65.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Raymond James Financial upped their target price on shares of 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. Finally, Scotiabank increased their price target on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 6th.

Insider Activity

In related news, Director Russell Girling acquired 10,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were bought at an average price of C$50.41 per share, for a total transaction of C$504,100.00. Also, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of C$55.99, for a total transaction of C$1,432,478.57. 0.01% of the stock is currently owned by corporate insiders.

Suncor Energy Price Performance

Shares of TSE:SU traded down C$0.15 during trading on Monday, reaching C$53.35. The company had a trading volume of 1,110,729 shares, compared to its average volume of 7,926,846. The stock has a market capitalization of C$66.91 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. Suncor Energy has a 12 month low of C$43.59 and a 12 month high of C$58.58. The company has a fifty day moving average of C$53.29 and a two-hundred day moving average of C$52.21.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last issued 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%. Equities research analysts forecast 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 Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were issued a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.3%. Suncor Energy's dividend payout ratio (DPR) 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.