Suncor Energy Inc. (TSE:SU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$95.88.

A number of equities analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Gerdes Energy Research lowered Suncor Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. increased their target price on Suncor Energy from C$105.00 to C$106.00 in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th.

Suncor Energy Trading Up 0.7%

TSE SU opened at C$94.14 on Monday. The firm’s fifty day moving average is C$85.10 and its two-hundred day moving average is C$83.09. Suncor Energy has a one year low of C$52.95 and a one year high of C$96.53. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42. The firm has a market cap of C$111.16 billion, a PE ratio of 17.90, a P/E/G ratio of 0.15 and a beta of 0.17.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 14.01% and a net margin of 12.17%.The firm had revenue of C$14.48 billion for the quarter. Analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Suncor Energy’s dividend payout ratio (DPR) is 44.49%.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.