Suncor Energy Inc. (TSE:SU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$65.77.

A number of brokerages have commented on SU. JPMorgan Chase & Co. upped their target price on shares of Suncor Energy from C$59.00 to C$64.00 in a research note on Thursday, November 6th. National Bankshares increased their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. TD Securities raised their price objective on Suncor Energy from C$71.00 to C$73.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group upped their target price on Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. Finally, Gerdes Energy Research increased their price target on Suncor Energy from C$75.00 to C$78.00 in a research report on Monday, November 10th.

Insider Buying and Selling at Suncor Energy

In other news, insider Troy Ward Little sold 8,711 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$62.61, for a total transaction of C$545,395.71. Also, insider Peter Douglas Zebedee sold 43,364 shares of Suncor Energy stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$62.53, for a total transaction of C$2,711,550.92. In the last quarter, insiders have sold 164,675 shares of company stock valued at $10,208,871. Company insiders own 0.01% of the company’s stock.

Suncor Energy Stock Performance

SU stock opened at C$61.01 on Friday. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$64.14. The firm has a market cap of C$73.29 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.15 and a beta of 0.75. The business’s fifty day simple moving average is C$58.96 and its two-hundred day simple moving average is C$56.06. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$1.48 EPS for the quarter. The firm had revenue of C$12.55 billion for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. Analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 24th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.57. Suncor Energy’s dividend payout ratio (DPR) is currently 53.15%.

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.