Suncor Energy Inc. (TSE:SU) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have received an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$63.04.

SU has been the subject of a number of analyst reports. Scotiabank upgraded Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. TD Securities decreased their price target on shares of Suncor Energy from C$63.00 to C$61.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Raymond James upped their price target on shares of Suncor Energy from C$57.00 to C$58.00 and gave the company a “market perform” rating in a report on Friday, February 7th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Suncor Energy from C$63.00 to C$62.00 and set a “neutral” rating on the stock in a research note on Friday.

Suncor Energy Stock Performance

TSE:SU opened at C$46.46 on Tuesday. The firm has a 50-day moving average of C$52.97 and a two-hundred day moving average of C$53.72. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. The stock has a market cap of C$58.27 billion, a P/E ratio of 7.34, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$58.58.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 4.91%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio is currently 34.42%.

About Suncor Energy

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.