Suncor Energy Inc. (TSE:SU) Receives C$62.54 Average PT from Brokerages

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$62.54.

SU has been the topic of a number of recent research reports. Raymond James upped their price objective on shares of Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a report on Friday, February 7th. Royal Bank of Canada cut their price objective on shares of Suncor Energy from C$66.00 to C$65.00 in a report on Tuesday, January 14th. Scotiabank upped their price objective on shares of Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Jefferies Financial Group increased their price target on shares of Suncor Energy from C$54.00 to C$58.00 in a report on Thursday, January 30th. Finally, National Bankshares increased their price target on shares of Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a report on Thursday, January 30th.

Suncor Energy Price Performance

Shares of SU opened at C$56.19 on Monday. The stock has a market cap of C$70.48 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. Suncor Energy has a fifty-two week low of C$44.92 and a fifty-two week high of C$58.58. The firm’s 50-day simple moving average is C$54.49 and its two-hundred day simple moving average is C$53.98.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were issued a $0.57 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.28 annualized dividend and a yield of 4.06%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. Suncor Energy’s dividend payout ratio (DPR) is currently 34.42%.

About Suncor Energy

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.