Suncor Energy Inc. (TSE:SU) Given Average Rating of “Hold” by Analysts

Suncor Energy Inc. (TSE:SUGet Free Report) (NYSE:SU) has been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$54.46.

SU has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Suncor Energy from C$59.00 to C$55.00 in a report on Thursday, December 14th. TD Securities increased their price target on shares of Suncor Energy from C$46.00 to C$48.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. CIBC increased their price target on shares of Suncor Energy from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. lowered their target price on shares of Suncor Energy from C$59.00 to C$52.00 and set a “neutral” rating on the stock in a research note on Friday, December 8th. Finally, BMO Capital Markets raised their target price on shares of Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday.

Get Our Latest Analysis on SU

Insider Transactions at Suncor Energy

In other news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total value of C$549,960.00. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total transaction of C$549,960.00. Company insiders own 0.01% of the company’s stock.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$49.99 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52. The firm has a market capitalization of C$64.49 billion, a PE ratio of 7.90, a P/E/G ratio of 0.15 and a beta of 1.51. Suncor Energy has a twelve month low of C$37.09 and a twelve month high of C$50.11. The company has a 50-day moving average price of C$45.59 and a two-hundred day moving average price of C$45.00.

Suncor Energy (TSE:SUGet Free Report) (NYSE:SU) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. The firm had revenue of C$14.14 billion for the quarter, compared to the consensus estimate of C$11.33 billion. Equities analysts forecast that Suncor Energy will post 4.7390892 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy’s dividend payout ratio (DPR) is presently 34.44%.

Suncor Energy Company Profile

(Get Free Report

Suncor Energy Inc operates as an integrated energy company in Canada 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. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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