Suncor Energy Inc. (TSE:SU) Stock Has Consensus Price Target of C$103.06

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$109.27.

SU has been the topic of several research reports. National Bank Financial raised their price target on Suncor Energy from C$145.00 to C$151.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank Of Canada upped their price target on Suncor Energy from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. Gerdes Energy Research lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. BMO Capital Markets increased their target price on shares of Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. Finally, Scotia lifted their price objective on Suncor Energy from C$123.00 to C$126.00 and gave the stock a “sector outperform” rating in a report on Thursday.

Suncor Energy Stock Performance

Suncor Energy stock opened at C$97.10 on Wednesday. Suncor Energy has a fifty-two week low of C$57.95 and a fifty-two week high of C$112.80. The firm’s 50 day simple moving average is C$100.56 and its 200-day simple moving average is C$88.73. The company has a market cap of C$111.78 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 0.15 and a beta of 0.12. The company has a debt-to-equity ratio of 10.56, a current ratio of 1.71 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, November 3rd. The company reported C$3.97 EPS for the quarter. Suncor Energy had a net margin of 17.22% and a return on equity of 23.57%. The business had revenue of C$18.88 billion during the quarter. As a group, equities research analysts predict that Suncor Energy will post 4.42 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Suncor Energy’s payout ratio is presently 31.64%.

Insider Buying and Selling

In other Suncor Energy news, insider David Jason Oldreive sold 5,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00. Also, insider Richard Michael Kruger sold 15,378 shares of Suncor Energy stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total value of C$1,458,449.52. Insiders sold a total of 79,792 shares of company stock valued at $7,294,928 over the last 90 days. 0.01% of the stock is owned by corporate insiders.

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