Suncor Energy Inc. (TSE:SU) Receives C$61.96 Consensus Target Price from Brokerages

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$61.96.

Several equities analysts recently commented on the company. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price for the company in a research report on Wednesday, August 7th. National Bankshares upped their price objective on shares of Suncor Energy from C$75.00 to C$77.00 in a research report on Thursday, August 8th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 target price for the company in a research report on Wednesday, August 7th. Raymond James boosted their price target on shares of Suncor Energy from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada raised their price objective on shares of Suncor Energy from C$65.00 to C$67.00 in a research report on Thursday, August 8th.

Insider Activity

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. In related news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. Also, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Insiders own 0.01% of the company’s stock.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$54.66 on Monday. The company has a 50 day moving average of C$53.40 and a 200 day moving average of C$51.67. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The stock has a market cap of C$69.42 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.15 and a beta of 1.50. Suncor Energy has a 12 month low of C$40.07 and a 12 month high of C$57.32.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.21. The firm had revenue of C$13.04 billion during the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. As a group, sell-side analysts forecast that Suncor Energy will post 5.1553672 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.545 per share. The ex-dividend date is Wednesday, September 4th. This represents a $2.18 annualized dividend and a yield of 3.99%. Suncor Energy’s payout ratio is 37.46%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.