Suncor Energy Inc. (TSE:SU) Given Average Rating of “Moderate Buy” by Brokerages

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$94.25.

A number of analysts have recently weighed in on SU shares. TD Securities boosted their target price on shares of Suncor Energy from C$81.00 to C$91.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Royal Bank Of Canada boosted their price objective on Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Scotia upped their price objective on Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 21st. Jefferies Financial Group upped their price objective on Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. Finally, BMO Capital Markets lifted their target price on Suncor Energy from C$85.00 to C$100.00 in a report on Wednesday, April 1st.

Suncor Energy Stock Performance

SU stock opened at C$76.30 on Thursday. The firm has a fifty day moving average price of C$86.75 and a 200 day moving average price of C$79.17. Suncor Energy has a fifty-two week low of C$51.34 and a fifty-two week high of C$96.53. The firm has a market cap of C$90.09 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.15 and a beta of 0.14. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The company had revenue of C$14.48 billion for the quarter. Sell-side analysts anticipate that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.1%. Suncor Energy’s dividend payout ratio is currently 44.49%.

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.