Suncor Energy Inc. (TSE:SU) Given Consensus Rating of “Hold” by Brokerages

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$61.54.

A number of brokerages recently weighed in on SU. Scotiabank lowered their price objective on shares of Suncor Energy from C$61.00 to C$60.00 in a research report on Friday. Raymond James set a C$51.00 price objective on shares of Suncor Energy and gave the company a “market perform” rating in a research report on Wednesday, May 29th. TD Securities boosted their price objective on shares of Suncor Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada upped their target price on shares of Suncor Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Finally, National Bankshares upped their target price on shares of Suncor Energy from C$75.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd.

Insider Transactions at Suncor Energy

In other news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. 0.01% of the stock is currently owned by company insiders.

Suncor Energy Stock Performance

Shares of SU stock opened at C$52.18 on Friday. Suncor Energy has a 12 month low of C$37.86 and a 12 month high of C$56.69. The company has a debt-to-equity ratio of 36.00, a current ratio of 1.51 and a quick ratio of 0.83. The firm has a market capitalization of C$66.79 billion, a P/E ratio of 8.60, a P/E/G ratio of 0.15 and a beta of 1.50. The company’s fifty day moving average price is C$52.88 and its two-hundred day moving average price is C$49.20.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, May 7th. The company reported C$1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.23 by C$0.18. The business had revenue of C$12.53 billion for the quarter, compared to analyst estimates of C$11.81 billion. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. On average, research analysts anticipate that Suncor Energy will post 5.7081192 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 25th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $2.18 annualized dividend and a dividend yield of 4.18%. Suncor Energy’s dividend payout ratio (DPR) is 35.91%.

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.