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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$63.67.

SU has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Suncor Energy from C$59.00 to C$60.00 and gave the company an “overweight” rating in a research note on Thursday, June 26th. Raymond James Financial upped their price target on shares of Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a report on Thursday, August 7th. Desjardins upped their price target on shares of Suncor Energy from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Scotiabank upped their price target on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. Finally, Gerdes Energy Research cut their price target on shares of Suncor Energy from C$79.00 to C$77.00 in a report on Thursday, September 11th.

Insider Transactions at Suncor Energy

In related news, Director Russell Girling purchased 10,000 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of C$53.48 per share, for a total transaction of C$534,790.00. Following the completion of the acquisition, the director owned 45,000 shares in the company, valued at approximately C$2,406,555. This trade represents a 28.57% increase in their position. Also, insider Shelley Powell sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of C$58.06, for a total transaction of C$1,741,650.00. Following the completion of the transaction, the insider owned 27,705 shares in the company, valued at approximately C$1,608,413.78. The trade was a 51.99% decrease in their ownership of the stock. In the last quarter, insiders sold 139,542 shares of company stock valued at $8,052,015. Company insiders own 0.01% of the company’s stock.

Suncor Energy Trading Up 0.5%

Shares of SU opened at C$57.70 on Tuesday. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$60.48. The company has a market cap of C$70.00 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.15 and a beta of 0.83. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The company’s fifty day simple moving average is C$56.13 and its 200-day simple moving average is C$52.83.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, August 5th. The company reported C$0.71 earnings per share for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. As a group, analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were issued a $0.57 dividend. The ex-dividend date was Thursday, September 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.0%. Suncor Energy’s dividend payout ratio is presently 49.67%.

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.