Suncor Energy Inc. (TSE:SU) Receives C$62.11 Average Price Target from Brokerages

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

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of Suncor Energy from C$54.00 to C$58.00 in a report on Tuesday, January 21st. Desjardins upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. UBS Group lifted their price target on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Finally, Raymond James dropped their price objective on Suncor Energy from C$56.00 to C$55.00 in a research note on Friday, December 13th.

Suncor Energy Trading Up 1.1 %

Shares of Suncor Energy stock opened at C$55.68 on Thursday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy has a 1 year low of C$42.43 and a 1 year high of C$58.58. The firm has a market cap of C$70.71 billion, a PE ratio of 9.57, a PEG ratio of 0.15 and a beta of 1.47. The company has a 50 day simple moving average of C$54.19 and a two-hundred day simple moving average of C$53.59.

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, topping 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 company earned $1.52 earnings per share. Analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Shelley Powell sold 50,000 shares of the firm’s stock in a transaction 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 dated 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 owned by corporate insiders.

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.