Suncor Energy Inc. (TSE:SU) Receives C$61.89 Average Price Target from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$61.89.

Several research analysts have recently commented on SU shares. Raymond James dropped their price target on shares of Suncor Energy from C$56.00 to C$55.00 in a research note on Friday, December 13th. TD Securities raised their target price on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. UBS Group increased their price objective on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Finally, Wells Fargo & Company reduced their target price on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th.

Insider Activity

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. 0.01% of the stock is owned by company insiders.

Suncor Energy Trading Up 1.4 %

TSE:SU opened at C$52.64 on Friday. The company has a market capitalization of C$66.85 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.15 and a beta of 1.47. The stock’s 50 day moving average price is C$53.64 and its 200 day moving average price is C$53.04. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. Suncor Energy has a 52 week low of C$41.88 and a 52 week high of C$58.28.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 4.33%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

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.