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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$60.79.

A number of equities research analysts have commented on the company. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price on the stock in a report on Wednesday, August 7th. Desjardins increased their target price on Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Jefferies Financial Group decreased their price objective on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Wolfe Research upgraded Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Finally, National Bankshares decreased their price objective on Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th.

Suncor Energy Stock Performance

TSE SU opened at C$55.40 on Friday. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$57.32. The company has a market capitalization of C$70.36 billion, a P/E ratio of 9.52, a PEG ratio of 0.15 and a beta of 1.47. The business has a 50 day moving average price of C$52.49 and a 200 day moving average price of C$53.06. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s payout ratio is 37.46%.

Insider Transactions at Suncor Energy

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction dated Monday, August 19th. The stock was 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 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.