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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$94.25.

Several equities analysts have recently issued reports on SU shares. Royal Bank Of Canada lifted their price target on Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. TD Securities increased their price objective on shares of Suncor Energy from C$81.00 to C$91.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. JPMorgan Chase & Co. raised their price objective on shares of Suncor Energy from C$105.00 to C$106.00 in a research note on Tuesday, May 12th. Raymond James Financial upped their target price on shares of Suncor Energy from C$76.00 to C$93.00 in a research note on Monday, March 30th. Finally, National Bank Financial increased their price target on shares of Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st.

Suncor Energy Price Performance

SU stock opened at C$83.63 on Thursday. The firm has a 50 day moving average price of C$85.99 and a 200-day moving average price of C$79.89. Suncor Energy has a 52-week low of C$52.75 and a 52-week high of C$96.53. The firm has a market capitalization of C$98.75 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 0.15 and a beta of 0.17. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 14.01% and a net margin of 12.17%.The business had revenue of C$14.48 billion during the quarter. Equities research analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 2.9%. Suncor Energy’s dividend payout ratio is 44.49%.

About Suncor Energy

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.