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

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$61.89.

Several research firms have weighed in on SU. Raymond James decreased their price objective on Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. Jefferies Financial Group lowered their price objective on shares of Suncor Energy from C$62.00 to C$54.00 and set a “hold” rating on the stock in a report on Friday, December 20th. UBS Group increased their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Scotiabank raised their price target on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th.

Suncor Energy Stock Performance

Shares of TSE SU opened at C$50.86 on Friday. The firm has a market cap of C$64.59 billion, a P/E ratio of 8.74, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1 year low of C$41.88 and a 1 year high of C$58.28. The stock has a fifty day moving average price of C$53.86 and a two-hundred day moving average price of C$53.07. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.48%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is presently 37.46%.

Insider Transactions at Suncor Energy

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

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.