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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$62.61.

SU has been the topic of several research reports. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Royal Bank of Canada decreased their price target on shares of Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. National Bankshares boosted their price target on Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Jefferies Financial Group raised their price objective on Suncor Energy from C$58.00 to C$59.00 in a report on Monday, February 24th.

Suncor Energy Trading Up 0.6 %

Shares of SU stock opened at C$51.72 on Friday. The company has a market capitalization of C$64.87 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. Suncor Energy has a twelve month low of C$48.02 and a twelve month high of C$58.58. The business’s 50 day moving average is C$54.99 and its two-hundred day moving average is C$53.83.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, March 4th. This represents a $2.28 annualized dividend and a yield of 4.41%. Suncor Energy’s payout ratio is 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.