Suncor Energy Inc. (TSE:SU) Receives C$62.61 Consensus Target Price from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$62.61.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. UBS Group boosted their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Royal Bank of Canada reduced their target price on shares of Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their target price on shares of Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th.

Suncor Energy Price Performance

Shares of SU stock opened at C$52.65 on Friday. Suncor Energy has a 12-month low of C$48.41 and a 12-month high of C$58.58. The firm has a market capitalization of C$66.04 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The firm has a fifty day moving average of C$54.99 and a 200-day moving average of C$53.79.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.28 annualized dividend and a yield of 4.33%. Suncor Energy’s dividend payout ratio (DPR) is presently 34.42%.

Suncor Energy Company Profile

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.