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

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$62.54.

A number of equities research analysts have weighed in on SU shares. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. UBS Group raised their price objective on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Jefferies Financial Group boosted their target price on Suncor Energy from C$54.00 to C$58.00 in a research note on Thursday, January 30th. National Bankshares raised their price target on shares of Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th.

Suncor Energy Stock Down 1.1 %

SU stock opened at C$56.05 on Monday. Suncor Energy has a 52 week low of C$42.57 and a 52 week high of C$58.58. The business has a 50-day simple moving average of C$54.18 and a 200 day simple moving average of C$53.87. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The company has a market cap of C$70.30 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

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 $0.57 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, December 3rd. This represents a $2.28 annualized dividend and a yield of 4.07%. Suncor Energy’s dividend payout ratio (DPR) is presently 34.42%.

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.