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

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$61.54.

SU has been the topic of several research analyst reports. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock in a research report on Wednesday, August 7th. Scotiabank increased their price objective on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday. TD Securities increased their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday. Raymond James upped their price target on shares of Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday. Finally, Jefferies Financial Group decreased their price target on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research note on Monday, September 16th.

Insiders Place Their Bets

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

Suncor Energy Price Performance

Shares of SU opened at C$57.00 on Friday. The firm has a market capitalization of C$72.39 billion, a PE ratio of 9.82, a PEG ratio of 0.15 and a beta of 1.47. The company’s 50-day moving average is C$52.61 and its 200-day moving average is C$53.10. Suncor Energy has a fifty-two week low of C$40.07 and a fifty-two week high of C$57.50. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 3.82%. 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.