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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$63.12.

Several analysts recently weighed in on SU shares. Royal Bank of Canada increased their target price on Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday, November 14th. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. UBS Group raised their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. TD Securities upped their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. 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 report on Monday, November 25th.

Suncor Energy Stock Down 1.2 %

SU opened at C$54.31 on Wednesday. The firm has a market cap of C$68.97 billion, a P/E ratio of 9.33, a price-to-earnings-growth 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 business has a 50 day moving average price of C$54.46 and a 200 day moving average price of C$53.38. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$58.28.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.20%. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. Insiders own 0.01% of the company’s stock.

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.