Suncor Energy Inc. (TSE:SU) Receives C$97.69 Average Price Target from Brokerages

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$97.69.

A number of analysts have recently issued reports on the stock. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Raymond James Financial raised their price target on Suncor Energy from C$103.00 to C$109.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Desjardins set a C$107.00 price target on Suncor Energy and gave the stock a “buy” rating in a research note on Friday, July 17th. BMO Capital Markets upped their price objective on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. Finally, TD increased their price objective on Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd.

Insider Buying and Selling at Suncor Energy

In other news, insider Curtis Wade Serra sold 2,400 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$94.03, for a total transaction of C$225,672.00. Also, insider Shelley Powell sold 41,911 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$87.60, for a total value of C$3,671,403.60. Following the completion of the sale, the insider directly owned 27,705 shares in the company, valued at C$2,426,958. The trade was a 60.20% decrease in their ownership of the stock. Insiders sold a total of 59,689 shares of company stock worth $5,355,525 over the last three months. Company insiders own 0.01% of the company’s stock.

Suncor Energy Stock Down 3.0%

SU stock opened at C$90.49 on Friday. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The company has a market capitalization of C$105.84 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.15 and a beta of 0.18. Suncor Energy has a fifty-two week low of C$53.02 and a fifty-two week high of C$96.53. The stock has a fifty day moving average of C$86.20 and a 200-day moving average of C$85.69.

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

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. Suncor Energy’s dividend payout ratio (DPR) is currently 31.64%.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.