Suncor Energy Inc. (SU) Given Consensus Rating of “Buy” by Brokerages

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$49.00.

Several equities research analysts have issued reports on the stock. TD Securities lowered shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 price target on the stock. in a report on Thursday, November 16th. CIBC boosted their price target on shares of Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Royal Bank of Canada boosted their price target on shares of Suncor Energy from C$47.00 to C$48.00 in a report on Thursday, November 16th. BMO Capital Markets boosted their price target on shares of Suncor Energy from C$50.00 to C$52.00 in a report on Thursday, November 16th. Finally, GMP Securities boosted their price target on shares of Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th.

Shares of Suncor Energy (SU) traded down C$0.71 during trading on Friday, reaching C$46.93. 2,220,000 shares of the company’s stock traded hands, compared to its average volume of 2,370,000. The company has a market cap of $77,620.00, a price-to-earnings ratio of 21.73 and a beta of 0.48. Suncor Energy has a 12-month low of C$36.09 and a 12-month high of C$47.69.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, November 30th. Suncor Energy’s payout ratio is 57.87%.

In related news, insider Michael Roderick Macsween sold 55,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of C$46.00, for a total transaction of C$2,530,000.00. Also, insider Mark Stephen Little sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of C$45.51, for a total transaction of C$45,510.00. In the last ninety days, insiders sold 56,100 shares of company stock worth $2,580,074.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Analyst Recommendations for Suncor Energy (TSE:SU)

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