Analysts Set Suncor Energy Inc. (TSE:SU) Price Target at C$60.04

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$60.46.

SU has been the topic of several recent analyst reports. Desjardins upped their price target on shares of Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price on the stock in a research note on Wednesday, August 7th. Wolfe Research upgraded Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Raymond James set a C$52.00 price objective on Suncor Energy in a report on Tuesday, October 15th. Finally, Jefferies Financial Group reduced their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a report on Monday, September 16th.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. 0.01% of the stock is owned by company insiders.

Suncor Energy Stock Performance

Shares of SU stock opened at C$54.00 on Tuesday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The company’s fifty day moving average price is C$53.13 and its two-hundred day moving average price is C$52.85. The firm has a market capitalization of C$68.58 billion, a P/E ratio of 9.28, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy has a 12 month low of C$40.07 and a 12 month high of C$57.32.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.06 by C$0.21. The company had revenue of C$13.04 billion for the quarter, compared to the consensus estimate of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. On average, research analysts anticipate that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a dividend of $0.545 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 4.04%. Suncor Energy’s dividend payout ratio is currently 37.46%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.