Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received an average recommendation of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$51.50.
Several brokerages have recently commented on SU. Barclays upped their target price on Suncor Energy from C$50.00 to C$52.00 in a report on Friday, February 9th. Royal Bank of Canada upped their target price on Suncor Energy from C$49.00 to C$52.00 in a report on Friday, February 9th. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating and set a C$52.00 target price for the company in a report on Friday, February 9th. National Bank Financial upped their target price on Suncor Energy from C$49.00 to C$56.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Finally, Raymond James Financial upped their target price on Suncor Energy from C$47.00 to C$52.00 and gave the company an “outperform” rating in a report on Monday, December 4th.
In other Suncor Energy news, Director Dennis Michael Houston purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were purchased at an average cost of C$32.47 per share, with a total value of C$162,350.00. Also, Director Dominic D’alessandro purchased 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average cost of C$42.20 per share, for a total transaction of C$1,266,000.00.
Shares of SU stock traded up C$0.53 during midday trading on Wednesday, hitting C$43.60. The stock had a trading volume of 3,177,327 shares, compared to its average volume of 3,119,297. Suncor Energy has a twelve month low of C$36.09 and a twelve month high of C$47.69. The stock has a market capitalization of $69,340.00, a P/E ratio of 16.27 and a beta of 0.45.
Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Thursday, February 8th. The company reported C$0.79 EPS for the quarter, beating the consensus estimate of C$0.68 by C$0.11. Suncor Energy had a return on equity of 12.21% and a net margin of 15.36%. The business had revenue of C$9.04 billion during the quarter, compared to the consensus estimate of C$8 billion.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.30%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 2nd. Suncor Energy’s payout ratio is presently 47.76%.
Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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