Suncor Energy Inc. (TSE:SU) Receives C$97.69 Average Price Target from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$98.25.

SU has been the topic of a number of recent analyst reports. Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a “buy” rating in a research note on Friday, July 17th. Raymond James Financial lifted their price target on shares of Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. BMO Capital Markets raised their target price on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. Finally, TD boosted their target price on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd.

Insider Activity

In other news, insider David Jason Oldreive sold 5,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of C$98.00, for a total value of C$490,000.00. Also, insider Adam Husain Albeldawi sold 1,173 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$95.01, for a total transaction of C$111,446.73. Insiders have sold 79,792 shares of company stock worth $7,294,928 over the last 90 days. Company insiders own 0.01% of the company’s stock.

Suncor Energy Stock Performance

Shares of SU opened at C$97.31 on Tuesday. The firm has a market cap of C$113.82 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. Suncor Energy has a 12 month low of C$53.02 and a 12 month high of C$100.24. The company’s fifty day moving average is C$91.60 and its 200-day moving average is C$87.95. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The firm had revenue of C$17.50 billion for the quarter. Equities analysts expect that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, September 4th. Suncor Energy’s payout ratio is currently 31.64%.

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.