Suncor Energy Inc. (TSE:SU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned 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$61.54.

Several equities analysts recently issued reports on SU shares. Scotiabank lifted their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday. National Bankshares boosted their target price on shares of Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday. Jefferies Financial Group dropped their target price on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Finally, Raymond James boosted their target price on shares of Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday.

Insider Buying and Selling

In related news, 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. 0.01% of the stock is currently owned by corporate insiders.

Suncor Energy Trading Up 0.3 %

Shares of SU stock opened at C$57.00 on Friday. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.50. The company has a market capitalization of C$72.39 billion, a P/E ratio of 9.82, a P/E/G ratio of 0.15 and a beta of 1.47. The firm has a 50-day moving average price of C$52.61 and a 200 day moving average price of C$53.10. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

About Suncor Energy

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.