Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned a consensus recommendation of “Buy” from the fourteen analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$48.73.
A number of research firms have recently commented on SU. Scotiabank reiterated an “outperform” rating and set a C$47.00 target price on shares of Suncor Energy in a research report on Friday, April 28th. TD Securities restated a “buy” rating and set a C$49.00 price target on shares of Suncor Energy in a report on Friday, April 28th. Royal Bank Of Canada increased their price target on Suncor Energy from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Friday, April 28th. BMO Capital Markets restated an “outperform” rating and set a C$52.00 price target on shares of Suncor Energy in a report on Friday, April 28th. Finally, AltaCorp Capital lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th.
Suncor Energy (TSE:SU) traded down 0.19% on Tuesday, hitting $41.65. 2,905,902 shares of the company’s stock traded hands. The stock has a market cap of $69.11 billion and a P/E ratio of 25.77. The stock has a 50 day moving average price of $38.56 and a 200-day moving average price of $40.88. Suncor Energy has a 12 month low of $34.01 and a 12 month high of $44.90.
Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Wednesday, July 26th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.41 billion. Suncor Energy had a net margin of 17.29% and a return on equity of 12.03%. Equities analysts predict that Suncor Energy will post $1.30 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a yield of 3.07%.
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Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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