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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$72.79.

A number of brokerages have recently issued reports on SU. Desjardins boosted their target price on Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. TD Securities boosted their price objective on shares of Suncor Energy from C$74.00 to C$81.00 in a research note on Wednesday, February 4th. Scotiabank increased their price objective on shares of Suncor Energy from C$62.00 to C$70.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Canadian Imperial Bank of Commerce raised their target price on shares of Suncor Energy from C$65.00 to C$70.00 in a research note on Thursday, November 27th. Finally, BMO Capital Markets upped their price target on shares of Suncor Energy from C$69.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th.

Suncor Energy Trading Down 0.4%

SU stock opened at C$75.91 on Friday. 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 company has a market cap of C$90.60 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.15 and a beta of 0.89. The business has a fifty day simple moving average of C$68.82 and a 200-day simple moving average of C$61.72. Suncor Energy has a 52 week low of C$43.59 and a 52 week high of C$78.50.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%.The firm had revenue of C$12.04 billion for the quarter. On average, equities research analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a dividend yield of 3.2%. Suncor Energy’s dividend payout ratio (DPR) is currently 47.63%.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.