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

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

SU has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. UBS Group boosted their target price on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Jefferies Financial Group lifted their price objective on Suncor Energy from C$54.00 to C$58.00 in a report on Tuesday. TD Securities increased their target price on Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Finally, Raymond James cut their price target on shares of Suncor Energy from C$56.00 to C$55.00 in a research note on Friday, December 13th.

Suncor Energy Price Performance

Shares of SU stock opened at C$56.44 on Thursday. Suncor Energy has a 1 year low of C$42.27 and a 1 year high of C$58.58. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The firm’s 50 day moving average is C$54.27 and its 200-day moving average is C$53.47. The firm has a market capitalization of C$71.68 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm earned $1.52 EPS. Sell-side analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.04%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

Insiders Place Their Bets

In other 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 shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the 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. Company 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.