Suncor Energy Inc. (TSE:SU) Receives C$63.67 Consensus Target Price from Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$63.67.

Several research firms have recently weighed in on SU. Raymond James Financial lifted 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 note on Thursday, August 7th. ATB Capital lifted their target price 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 Thursday, August 7th. Gerdes Energy Research reduced their target price on shares of Suncor Energy from C$79.00 to C$77.00 in a research note on Thursday, September 11th. Scotiabank lifted their target price 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. Finally, Wells Fargo & Company lifted their target price on shares of Suncor Energy from C$59.00 to C$60.00 and gave the stock an “overweight” rating in a research note on Thursday, June 26th.

Insider Transactions at Suncor Energy

In other news, insider Adam Husain Albeldawi sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of C$58.44, for a total value of C$292,200.00. Also, insider David Jason Oldreive sold 4,542 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of C$57.50, for a total transaction of C$261,165.00. Over the last three months, insiders have sold 139,542 shares of company stock valued at $8,052,015. 0.01% of the stock is currently owned by insiders.

Suncor Energy Stock Performance

TSE SU opened at C$57.95 on Tuesday. Suncor Energy has a 52-week low of C$43.59 and a 52-week high of C$60.48. The company has a 50-day simple moving average of C$56.19 and a 200 day simple moving average of C$52.85. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The company has a market capitalization of C$70.31 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.15 and a beta of 0.76.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 5th. The company reported C$0.71 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. On average, research analysts predict that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were paid a $0.57 dividend. The ex-dividend date was Thursday, September 4th. This represents a $2.28 annualized dividend and a dividend yield of 3.9%. Suncor Energy’s dividend payout ratio (DPR) is presently 49.67%.

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.