Suncor Energy Inc. (TSE:SU) Stock Has Average Price Target of C$103.06 According to Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have received an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$109.27.

Several equities research analysts recently weighed in on the company. Desjardins upped their price target on Suncor Energy from C$110.00 to C$117.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. TD increased their price objective on Suncor Energy from C$125.00 to C$129.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. Gerdes Energy Research lowered Suncor Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. Finally, National Bank Financial boosted their target price on shares of Suncor Energy from C$145.00 to C$151.00 and gave the company an “outperform” rating in a report on Thursday.

Insider Buying and Selling

In other Suncor Energy news, insider Curtis Wade Serra sold 2,400 shares of the business’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 David Jason Oldreive sold 5,000 shares of the business’s stock in a transaction that occurred on 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 79,792 shares of company stock worth $7,294,928 in the last three months. 0.01% of the stock is currently owned by company insiders.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at C$97.10 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.71 and a debt-to-equity ratio of 10.56. The company has a market cap of C$111.78 billion, a PE ratio of 10.32, a P/E/G ratio of 0.15 and a beta of 0.12. The business has a 50 day moving average of C$100.56 and a 200 day moving average of C$88.73. Suncor Energy has a 52 week low of C$57.95 and a 52 week high of C$112.80.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, November 3rd. The company reported C$3.97 earnings per share for the quarter. The firm had revenue of C$18.88 billion for the quarter. Suncor Energy had a return on equity of 23.57% and a net margin of 17.22%. As a group, equities research analysts forecast that Suncor Energy will post 4.42 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were paid a $0.60 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Suncor Energy’s payout ratio is presently 25.50%.

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.