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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$95.88.

SU has been the subject of a number of recent research reports. Raymond James Financial increased their target price on Suncor Energy from C$76.00 to C$93.00 in a report on Monday, March 30th. Scotia boosted their price target on Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 21st. BMO Capital Markets upped their price target on Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday, April 1st. Gerdes Energy Research lowered Suncor Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Suncor Energy from C$105.00 to C$106.00 in a research note on Tuesday, May 12th.

Suncor Energy Stock Performance

TSE SU opened at C$92.85 on Monday. Suncor Energy has a twelve month low of C$52.95 and a twelve month high of C$96.53. The company has a quick ratio of 0.83, a current ratio of 1.42 and a debt-to-equity ratio of 32.36. The stock has a market cap of C$109.63 billion, a P/E ratio of 17.65, a PEG ratio of 0.15 and a beta of 0.17. The company’s 50-day simple moving average is C$85.27 and its 200 day simple moving average is C$82.22.

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

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 44.49%.

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