Suncor Energy Inc. (TSE:SU) Receives C$62.11 Consensus Target Price from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$62.11.

A number of analysts have issued reports on SU shares. UBS Group raised their target price on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. National Bankshares lowered their target price on Suncor Energy from C$76.00 to C$65.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. TD Securities raised their target price on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Raymond James reduced their price objective on Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. Finally, Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the stock a “buy” rating in a research report on Monday, November 25th.

Suncor Energy Stock Performance

Shares of TSE SU opened at C$55.88 on Thursday. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The firm has a market cap of C$70.97 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 0.15 and a beta of 1.47. The business’s 50-day simple moving average is C$54.26 and its 200-day simple moving average is C$53.54. Suncor Energy has a 52 week low of C$42.43 and a 52 week high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same quarter last year, the business posted $1.52 EPS. As a group, equities research analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were paid a $0.57 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insider Buying and Selling

In related news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. 0.01% of the stock is owned by insiders.

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.