Suncor Energy Inc. (TSE:SU) Receives C$60.46 Consensus PT from Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$60.46.

A number of analysts have issued reports on the company. Jefferies Financial Group cut their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Royal Bank of Canada cut their target price on Suncor Energy from C$67.00 to C$64.00 in a research report on Tuesday, September 17th. Wolfe Research raised Suncor Energy to a “strong-buy” rating in a research report on Thursday, July 18th. National Bankshares cut their target price on Suncor Energy from C$77.00 to C$73.00 in a research report on Friday, September 27th. Finally, Raymond James set a C$52.00 target price on Suncor Energy in a research report on Tuesday, October 15th.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Insiders own 0.01% of the company’s stock.

Suncor Energy Stock Down 0.8 %

SU stock opened at C$54.07 on Friday. The firm has a market cap of C$68.67 billion, a PE ratio of 9.36, a PEG ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The firm’s 50 day moving average price is C$52.54 and its 200-day moving average price is C$53.05. Suncor Energy has a one year low of C$40.07 and a one year high of C$57.32.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were paid a $0.545 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 annualized dividend and a dividend yield of 4.03%. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

About Suncor Energy

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.