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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are covering the company, Marketbeat Ratings reports. Five 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 twelve-month price objective among analysts that have covered the stock in the last year is C$62.32.

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. TD Securities raised their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the stock a “buy” rating in a report on Monday, November 25th. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday, November 14th.

Suncor Energy Stock Down 0.5 %

Shares of TSE:SU opened at C$54.85 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$58.28. The stock’s 50-day moving average price is C$54.21 and its 200-day moving average price is C$53.37. The stock has a market capitalization of C$69.66 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th will be paid a $0.57 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, December 3rd. Suncor Energy’s payout ratio is currently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction that occurred 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 the company’s 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. 0.01% of the stock is currently owned by insiders.

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.