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

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$64.42.

Several research analysts recently commented on the company. UBS Group boosted their target price on Suncor Energy from C$61.00 to C$65.00 in a research note on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Suncor Energy from C$59.00 to C$64.00 in a research report on Thursday, November 6th. Gerdes Energy Research raised their target price on shares of Suncor Energy from C$75.00 to C$78.00 in a report on Monday, November 10th. National Bankshares lifted their price target 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 Wednesday, October 22nd. Finally, Desjardins increased their price objective on shares of Suncor Energy from C$64.00 to C$65.00 and gave the company a “buy” rating in a research report on Thursday, August 7th.

Suncor Energy Price Performance

Shares of SU opened at C$63.20 on Wednesday. The company has a market cap of C$75.92 billion, a P/E ratio of 14.73, a PEG ratio of 0.15 and a beta of 0.61. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$63.51. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The firm’s 50 day moving average price is C$57.64 and its 200 day moving average price is C$54.45.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$1.34 EPS for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. The company had revenue of C$12.55 billion during the quarter. On average, research analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, September 4th. Suncor Energy’s dividend payout ratio is 53.15%.

Insiders Place Their Bets

In other news, insider Kristopher Peter Smith sold 112,600 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the sale, the insider owned 48,482 shares of the company’s stock, valued at approximately C$2,993,278.68. This trade represents a 69.90% decrease in their position. Also, insider David Jason Oldreive sold 4,542 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$57.50, for a total value of C$261,165.00. Insiders have sold 252,142 shares of company stock valued at $15,003,939 in the last three months. Corporate insiders own 0.01% of the company’s stock.

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.