Suncor Energy Inc. (TSE:SU) Receives C$62.61 Average Price Target from Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$62.61.

SU has been the topic of a number of research reports. Royal Bank of Canada decreased their price target on shares of Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. National Bankshares upped their price target on shares of Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Jefferies Financial Group upped their price target on shares of Suncor Energy from C$58.00 to C$59.00 in a research note on Monday, February 24th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a research note on Monday, November 25th.

Suncor Energy Stock Up 1.8 %

Shares of SU stock opened at C$52.65 on Friday. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The firm’s 50-day moving average is C$54.99 and its 200-day moving average is C$53.79. The stock has a market cap of C$66.04 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 52-week low of C$48.41 and a 52-week high of C$58.58.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.28 annualized dividend and a dividend yield of 4.33%. Suncor Energy’s dividend payout ratio is 34.42%.

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.