Suncor Energy Inc. (SU) Given Consensus Recommendation of “Buy” by Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned a consensus rating of “Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$61.06.

SU has been the subject of a number of research analyst reports. Raymond James increased their target price on shares of Suncor Energy from C$69.00 to C$70.00 in a report on Friday, October 5th. National Bank Financial increased their target price on shares of Suncor Energy from C$65.00 to C$67.00 in a report on Friday, October 5th. Canaccord Genuity increased their target price on shares of Suncor Energy from C$64.00 to C$67.00 in a report on Thursday, August 16th. BMO Capital Markets increased their target price on shares of Suncor Energy from C$60.00 to C$65.00 in a report on Tuesday, October 9th. Finally, CIBC dropped their target price on shares of Suncor Energy from C$64.00 to C$56.00 in a report on Thursday.

In other Suncor Energy news, insider Janice Odegaard sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of C$54.00, for a total transaction of C$3,240,000.00.

TSE SU traded up C$0.10 during trading hours on Monday, hitting C$43.15. 4,698,664 shares of the stock were exchanged, compared to its average volume of 3,196,049. Suncor Energy has a 12-month low of C$40.49 and a 12-month high of C$55.47. The company has a debt-to-equity ratio of 36.41, a current ratio of 0.93 and a quick ratio of 0.58.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 24th. Investors of record on Monday, December 3rd will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 30th. This represents a $1.44 dividend on an annualized basis and a yield of 3.34%. Suncor Energy’s dividend payout ratio (DPR) is currently 46.40%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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