Suncor Energy Inc. (TSE:SU) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$62.11.

SU has been the topic of a number of research analyst reports. Raymond James decreased their price objective on shares of Suncor Energy from C$56.00 to C$55.00 in a report on Friday, December 13th. Jefferies Financial Group increased their price objective on shares of Suncor Energy from C$54.00 to C$58.00 in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th.

Insider Transactions at Suncor Energy

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s stock in a transaction on 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. Also, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy 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. Company insiders own 0.01% of the company’s stock.

Suncor Energy Trading Down 0.3 %

Shares of SU stock opened at C$55.73 on Thursday. Suncor Energy has a 52-week low of C$42.43 and a 52-week high of C$58.58. The stock has a market cap of C$70.78 billion, a price-to-earnings ratio of 9.58, a P/E/G 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 has a fifty day moving average of C$54.26 and a 200-day moving average of C$53.54.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, topping the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. During the same period last year, the business posted $1.52 EPS. On average, equities research analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were paid a dividend of $0.57 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

About Suncor Energy

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.