Brokerages Set Suncor Energy Inc. (TSE:SU) Target Price at C$62.61

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$62.61.

SU has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. Wells Fargo & Company cut their price target on shares of Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Gerdes Energy Research set a C$69.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, National Bankshares raised their target price on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th.

Suncor Energy Trading Down 0.0 %

SU opened at C$53.76 on Friday. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The stock’s 50 day moving average price is C$54.98 and its 200-day moving average price is C$53.77. Suncor Energy has a one year low of C$48.41 and a one year high of C$58.58. The stock has a market cap of C$67.43 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.28 annualized dividend and a dividend yield of 4.24%. Suncor Energy’s dividend payout ratio 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.