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

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation 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$63.67.

SU has been the subject of a number of research analyst reports. ATB Capital increased their target price on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Raymond James Financial lifted their price objective on shares of Suncor Energy from C$57.00 to C$58.00 and gave the company a “market perform” rating in a research note on Thursday, August 7th. Desjardins lifted their price objective on shares of Suncor Energy from C$64.00 to C$65.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Wells Fargo & Company lifted their price objective 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. Finally, Scotiabank lifted their price objective on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 6th.

Suncor Energy Stock Down 0.8%

SU stock opened at C$58.10 on Friday. Suncor Energy has a 12-month low of C$43.59 and a 12-month high of C$58.71. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The company has a market cap of C$70.49 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.15 and a beta of 0.83. The company has a 50 day moving average of C$54.58 and a two-hundred day moving average of C$52.21.

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

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 25th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy’s payout ratio is presently 49.67%.

Insider Buying and Selling at Suncor Energy

In related news, insider David Jason Oldreive sold 4,542 shares of Suncor Energy stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$57.50, for a total value of C$261,165.00. Also, insider Kristopher Peter Smith sold 100,000 shares of Suncor Energy stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of C$57.57, for a total transaction of C$5,757,000.00. Following the completion of the transaction, the insider owned 48,482 shares in the company, valued at C$2,791,108.74. This trade represents a 67.35% decrease in their position. Insiders sold a total of 130,127 shares of company stock worth $7,450,644 in the last 90 days. 0.01% of the stock is currently owned by company 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.