Suncor Energy Inc. (TSE:SU) Receives Average Recommendation of “Hold” from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$57.19.

SU has been the subject of a number of analyst reports. CIBC lifted their price objective on Suncor Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Monday. Desjardins lifted their target price on Suncor Energy from C$46.00 to C$48.50 and gave the stock a “hold” rating in a report on Friday, March 22nd. TD Securities lifted their target price on Suncor Energy from C$46.00 to C$48.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. Wells Fargo & Company boosted their price target on Suncor Energy from C$55.00 to C$60.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, Jefferies Financial Group boosted their price target on Suncor Energy from C$50.00 to C$53.00 and gave the company a “hold” rating in a report on Friday, April 12th.

Suncor Energy Price Performance

Suncor Energy stock opened at C$53.54 on Tuesday. The business’s 50-day simple moving average is C$48.72 and its 200 day simple moving average is C$45.72. The stock has a market cap of C$69.07 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.15 and a beta of 1.52. Suncor Energy has a 12-month low of C$37.09 and a 12-month high of C$53.85. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The business had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. As a group, research analysts anticipate that Suncor Energy will post 4.7415525 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were issued a $0.545 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a yield of 4.07%. Suncor Energy’s payout ratio is 34.44%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total transaction of C$549,960.00. In related news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total value of C$549,960.00. 0.01% of the stock is owned by corporate insiders.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.