Brokerages Set Suncor Energy Inc. (TSE:SU) Target Price at C$61.25

Shares of Suncor Energy Inc. (TSE:SUGet Free Report) (NYSE:SU) have been given an average rating of “Moderate Buy” by the thirteen research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$61.25.

SU has been the subject of several recent research reports. Royal Bank of Canada reduced their price objective on Suncor Energy from C$67.00 to C$64.00 in a research note on Tuesday, September 17th. Raymond James upped their price objective on shares of Suncor Energy from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. National Bankshares raised their target price on shares of Suncor Energy from C$75.00 to C$77.00 in a research note on Thursday, August 8th. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group reduced their price objective on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th.

View Our Latest Stock Report on SU

Insider Buying and Selling at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction dated Monday, August 19th. The stock was 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 owned by corporate insiders.

Suncor Energy Stock Down 2.6 %

Shares of TSE SU opened at C$49.18 on Friday. The firm has a market cap of C$62.46 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.15 and a beta of 1.49. The company’s 50-day simple moving average is C$52.99 and its 200-day simple moving average is C$52.30. 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 has a 52-week low of C$40.07 and a 52-week high of C$57.32.

Suncor Energy (TSE:SUGet Free Report) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.06 by C$0.21. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. The company had revenue of C$13.04 billion for the quarter, compared to analysts’ expectations of C$11.59 billion. Equities analysts predict that Suncor Energy will post 4.2058333 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.43%. Suncor Energy’s payout ratio is currently 37.46%.

Suncor Energy Company Profile

(Get Free Report

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.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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