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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$93.13.

SU has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Suncor Energy from C$105.00 to C$106.00 in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce boosted their price objective on Suncor Energy from C$88.00 to C$92.00 in a research note on Thursday, April 2nd. ATB Cormark Capital Markets upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Scotia upped their price target on Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group upped their price target on Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th.

Suncor Energy Trading Down 0.4%

Shares of Suncor Energy stock opened at C$86.34 on Friday. Suncor Energy has a 52-week low of C$50.97 and a 52-week high of C$96.53. The stock’s 50-day simple moving average is C$89.48 and its 200 day simple moving average is C$77.48. The stock has a market capitalization of C$101.95 billion, a P/E ratio of 16.41, a P/E/G ratio of 0.15 and a beta of 0.14. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 14.01% and a net margin of 12.17%.The business had revenue of C$14.48 billion for the quarter. As a group, research analysts anticipate 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 will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.8%. Suncor Energy’s dividend payout ratio is currently 44.49%.

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.