Suncor Energy Inc. (TSE:SU) Receives C$97.69 Average PT from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$97.69.

Several brokerages have recently commented on SU. JPMorgan Chase & Co. lifted their price target on shares of Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. BMO Capital Markets raised their price objective on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. Raymond James Financial raised their price objective on shares of Suncor Energy from C$103.00 to C$109.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. TD lifted 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 report on Wednesday, July 22nd. Finally, Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th.

Suncor Energy Stock Performance

Shares of SU opened at C$92.09 on Friday. The company has a market capitalization of C$107.71 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. Suncor Energy has a one year low of C$53.02 and a one year high of C$96.53. The company’s fifty day moving average price is C$86.71 and its 200 day moving average price is C$85.95.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. The company had revenue of C$17.50 billion for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. As a group, analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is 31.64%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, insider Richard Michael Kruger sold 15,378 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total transaction of C$1,458,449.52. Also, insider Shelley Powell sold 41,911 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total transaction of C$3,671,403.60. Following the completion of the sale, the insider owned 27,705 shares of the company’s stock, valued at C$2,426,958. This trade represents a 60.20% decrease in their ownership of the stock. Insiders have sold 59,689 shares of company stock valued at $5,355,525 in the last 90 days. 0.01% of the stock is currently owned by company insiders.

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.