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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$93.13.

Several brokerages recently weighed in on SU. Jefferies Financial Group lifted their price target on Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. Scotia lifted 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 report on Tuesday, April 21st. TD Securities lifted their price target on Suncor Energy from C$81.00 to C$91.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Canadian Imperial Bank of Commerce lifted their price target on Suncor Energy from C$88.00 to C$92.00 in a research report on Thursday, April 2nd. Finally, Scotiabank lifted their price target on Suncor Energy from C$80.00 to C$85.00 in a research report on Wednesday, April 1st.

Suncor Energy Trading Down 4.6%

Shares of TSE:SU opened at C$86.85 on Friday. Suncor Energy has a 52-week low of C$50.11 and a 52-week high of C$96.53. The stock has a market cap of C$102.55 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.15 and a beta of 0.14. 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 business has a 50-day moving average price of C$89.88 and a 200-day moving average price of C$76.71.

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

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 25th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.8%. The ex-dividend date is 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.