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

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$75.86.

A number of analysts have recently weighed in on SU shares. Jefferies Financial Group increased their price objective on Suncor Energy from C$66.00 to C$82.00 in a research note on Monday, March 16th. National Bank Financial lifted their target price on shares of Suncor Energy from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Canadian Imperial Bank of Commerce upped their price target on shares of Suncor Energy from C$70.00 to C$88.00 in a report on Monday, March 2nd. Royal Bank Of Canada increased their price target on shares of Suncor Energy from C$69.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, ATB Cormark Capital Markets raised their price target on shares of Suncor Energy from C$68.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th.

Suncor Energy Trading Down 0.9%

TSE SU opened at C$86.70 on Tuesday. The firm has a market cap of C$102.91 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$88.67. The stock has a 50-day moving average of C$75.63 and a 200-day moving average of C$64.95. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 40.74.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$12.04 billion for the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%. As a group, sell-side analysts forecast that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, March 4th. Suncor Energy’s dividend payout ratio 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.