Suncor Energy Inc. (TSE:SU) Stock Has Average Target Price of C$100.94 According to Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$100.94.

Several research firms have weighed in on SU. Raymond James Financial raised their price target on Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Gerdes Energy Research cut Suncor Energy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Desjardins set a C$107.00 price objective on Suncor Energy and gave the stock a “buy” rating in a report on Friday, July 17th. BMO Capital Markets increased their target price on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. Finally, ATB Cormark Capital Markets increased their target price on Suncor Energy from C$108.00 to C$110.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th.

Insider Activity at Suncor Energy

In related news, insider Adam Husain Albeldawi sold 1,173 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$95.01, for a total transaction of C$111,446.73. Also, insider Peter Douglas Zebedee sold 5,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00. Insiders have sold 79,792 shares of company stock valued at $7,294,928 over the last quarter. 0.01% of the stock is currently owned by insiders.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at C$103.04 on Friday. The firm has a market cap of C$120.52 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.15 and a beta of 0.18. The business has a 50-day moving average price of C$94.34 and a 200-day moving average price of C$89.85. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. Suncor Energy has a twelve month low of C$53.02 and a twelve month high of C$103.36.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. The company had revenue of C$17.50 billion for the quarter. Equities research analysts anticipate that Suncor Energy will post 4.42 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, September 4th. Suncor Energy’s payout ratio is currently 31.64%.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.