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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$72.79.

SU has been the topic of a number of analyst reports. TD Securities lifted their target price on Suncor Energy from C$74.00 to C$81.00 in a research report on Wednesday, February 4th. Desjardins raised their price objective on Suncor Energy from C$79.00 to C$85.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. BMO Capital Markets upped their target price on Suncor Energy from C$69.00 to C$85.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. ATB Cormark Capital Markets increased their target price on Suncor Energy from C$68.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Suncor Energy from C$59.00 to C$64.00 in a research note on Thursday, November 6th.

Suncor Energy Price Performance

Shares of SU stock opened at C$75.91 on Friday. The firm has a fifty day simple moving average of C$68.82 and a 200-day simple moving average of C$61.72. The company has a market capitalization of C$90.60 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.15 and a beta of 0.89. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$78.50. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. The firm had revenue of C$12.04 billion for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. Equities research analysts anticipate that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.57. Suncor Energy’s payout ratio is presently 47.63%.

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.