Analysts Set Suncor Energy Inc. (TSE:SU) Target Price at C$63.58

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$63.58.

Several equities analysts have recently commented on SU shares. Desjardins boosted their target price 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. Jefferies Financial Group boosted their target price on shares of Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. Scotiabank upped their price target 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. TD Securities upped their price target on shares of Suncor Energy from C$62.00 to C$63.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada upped their price target on shares of Suncor Energy from C$62.00 to C$67.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th.

Insider Activity at Suncor Energy

In related news, insider Shelley Powell sold 30,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$58.06, for a total transaction of C$1,741,650.00. Following the sale, the insider owned 27,705 shares of the company’s stock, valued at C$1,608,413.78. This represents a 51.99% decrease in their ownership of the stock. Also, insider David Jason Oldreive sold 4,542 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$57.50, for a total transaction of C$261,165.00. Insiders have sold 139,542 shares of company stock valued at $8,052,015 over the last quarter. 0.01% of the stock is currently owned by insiders.

Suncor Energy Price Performance

SU stock opened at C$56.07 on Friday. Suncor Energy has a one year low of C$43.59 and a one year high of C$60.48. The company’s fifty day moving average price is C$56.59 and its 200-day moving average price is C$53.18. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The company has a market capitalization of C$68.83 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.15 and a beta of 0.76.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, August 5th. The company reported C$0.71 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 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.28 dividend on an annualized basis and a yield of 4.1%. Suncor Energy’s dividend payout ratio is presently 49.67%.

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.