Suncor Energy Inc. (TSE:SU) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$61.25.

Several equities analysts recently commented on SU shares. National Bankshares boosted their target price on Suncor Energy from C$75.00 to C$77.00 in a research report on Thursday, August 8th. Desjardins lifted their target price on shares of Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Raymond James increased their price target on shares of Suncor Energy from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a report on Thursday, August 8th. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price on the stock in a research note on Wednesday, August 7th.

Insiders Place Their Bets

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. Corporate insiders own 0.01% of the company’s stock.

Suncor Energy Stock Performance

TSE SU opened at C$51.33 on Friday. The firm has a market cap of C$65.19 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 0.15 and a beta of 1.49. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The company’s 50 day moving average is C$53.03 and its 200-day moving average is C$52.27. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.32.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, beating the consensus estimate of C$1.06 by C$0.21. The company had revenue of C$13.04 billion during the quarter, compared to analysts’ expectations of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. Sell-side analysts predict that Suncor Energy will post 4.2058333 earnings per share for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.18 annualized dividend and a dividend yield of 4.25%. Suncor Energy’s payout ratio is 37.46%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.