Suncor Energy Inc. (TSE:SU) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$101.56.

SU has been the subject of several recent research reports. Desjardins set a C$107.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a research note on Friday, July 17th. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. BMO Capital Markets increased their target price on shares of Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. TD increased their target price on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, ATB Cormark Capital Markets raised their price target on shares of Suncor Energy from C$108.00 to C$110.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th.

Insider Transactions at Suncor Energy

In other Suncor Energy news, insider Curtis Wade Serra sold 2,400 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$94.03, for a total transaction of C$225,672.00. Also, insider Peter Douglas Zebedee sold 5,000 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of C$98.00, for a total value of C$490,000.00. Insiders sold a total of 79,792 shares of company stock valued at $7,294,928 in the last 90 days. Insiders own 0.01% of the company’s stock.

Suncor Energy Trading Up 2.7%

Suncor Energy stock traded up C$2.87 during trading on Friday, hitting C$110.25. The company had a trading volume of 3,591,435 shares, compared to its average volume of 6,204,107. The stock has a market cap of C$128.95 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48. Suncor Energy has a 1-year low of C$53.02 and a 1-year high of C$110.57. The company’s 50 day simple moving average is C$96.01 and its 200-day simple moving average is C$90.35.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly 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, analysts expect that Suncor Energy will post 4.42 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 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.