Shares of Suncor Energy Inc. (NYSE:SU – Get Free Report) (TSE:SU) have been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $54.86.
Several analysts have weighed in on SU shares. Raymond James raised Suncor Energy to a “hold” rating in a research note on Tuesday, May 28th. Wolfe Research initiated coverage on Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 target price for the company. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. The Goldman Sachs Group boosted their price objective on shares of Suncor Energy from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th.
Read Our Latest Research Report on Suncor Energy
Institutional Investors Weigh In On Suncor Energy
Suncor Energy Stock Performance
Suncor Energy stock opened at $40.97 on Friday. Suncor Energy has a 12 month low of $29.45 and a 12 month high of $41.94. The company has a fifty day moving average price of $38.92 and a two-hundred day moving average price of $37.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. The company has a market cap of $52.05 billion, a PE ratio of 9.12, a P/E/G ratio of 2.86 and a beta of 1.12.
Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.51. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $9.30 billion. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. Research analysts expect that Suncor Energy will post 3.64 earnings per share for the current year.
Suncor Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a $0.395 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.58 annualized dividend and a yield of 3.86%. Suncor Energy’s dividend payout ratio (DPR) is 35.63%.
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.
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