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

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$62.54.

A number of equities analysts have recently weighed in on SU shares. National Bankshares upped their price target on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Wells Fargo & Company lowered their price target on shares of Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Royal Bank of Canada lowered their price target on shares of Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. Finally, Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the stock a “buy” rating in a research note on Monday, November 25th.

Suncor Energy Stock Performance

TSE:SU opened at C$56.19 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy has a fifty-two week low of C$44.92 and a fifty-two week high of C$58.58. The stock has a market cap of C$70.48 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The firm’s fifty day simple moving average is C$54.49 and its 200-day simple moving average is C$53.99.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.06%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is presently 34.42%.

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.