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

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

SU has been the subject of a number of research reports. TD Securities upped their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 target price on Suncor Energy and gave the stock a “buy” rating in a report on Monday, November 25th. Scotiabank boosted their price target on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Jefferies Financial Group lifted their price objective on Suncor Energy from C$54.00 to C$58.00 in a research report on Tuesday, January 21st. Finally, Raymond James reduced their target price on shares of Suncor Energy from C$56.00 to C$55.00 in a report on Friday, December 13th.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Insiders own 0.01% of the company’s stock.

Suncor Energy Stock Performance

SU stock opened at C$55.68 on Thursday. The company has a market cap of C$70.71 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. 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 has a 1 year low of C$42.43 and a 1 year high of C$58.58. The stock’s fifty day moving average price is C$54.19 and its 200-day moving average price is C$53.59.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share (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 in the prior year, the company posted $1.52 earnings per share. On average, equities analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were issued a $0.57 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s payout ratio is currently 37.46%.

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.