Analysts Set Suncor Energy Inc. (TSE:SU) PT at C$97.69

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$98.25.

Several equities research analysts have recently commented on the stock. TD raised their target price on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Gerdes Energy Research lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a “buy” rating in a research report on Friday, July 17th. Finally, Raymond James Financial increased their target price on Suncor Energy from C$109.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th.

Suncor Energy Price Performance

SU opened at C$94.49 on Tuesday. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. Suncor Energy has a 52-week low of C$53.02 and a 52-week high of C$100.24. The stock has a market capitalization of C$110.52 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. The stock’s 50 day moving average price is C$92.02 and its 200-day moving average price is C$88.19.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. The company had revenue of C$17.50 billion during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. On average, equities research analysts predict that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Suncor Energy’s dividend payout ratio is 31.64%.

Insider Activity at Suncor Energy

In other Suncor Energy news, insider Shelley Powell sold 41,911 shares of Suncor Energy stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$87.60, for a total transaction of C$3,671,403.60. Following the completion of the transaction, the insider owned 27,705 shares in the company, valued at approximately C$2,426,958. The trade was a 60.20% decrease in their ownership of the stock. Also, insider David Jason Oldreive sold 5,000 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00. Insiders sold a total of 79,792 shares of company stock worth $7,294,928 over the last 90 days. 0.01% of the stock is currently owned by insiders.

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.