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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$62.96.

A number of research firms have recently issued reports on SU. National Bankshares raised their target price on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Wells Fargo & Company reduced their price objective on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Raymond James increased their target price on Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada reduced their price target on Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th.

Suncor Energy Stock Down 0.3 %

SU opened at C$47.14 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The stock’s fifty day simple moving average is C$54.20 and its 200 day simple moving average is C$53.96. Suncor Energy has a 1-year low of C$44.50 and a 1-year high of C$58.58. The stock has a market cap of C$59.12 billion, a PE ratio of 7.44, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 4.84%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio is currently 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.