Analysts Set Suncor Energy Inc. (TSE:SU) Price Target at C$61.61

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$61.61.

SU has been the subject of a number of recent research reports. ATB Capital boosted their price objective on Suncor Energy from C$53.00 to C$57.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 22nd. TD Securities upped their target price on Suncor Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd. Wells Fargo & Company upped their target price on Suncor Energy from C$61.00 to C$66.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. BMO Capital Markets upped their target price on Suncor Energy from C$60.00 to C$62.00 and gave the company a “market perform” rating in a report on Wednesday, May 22nd. Finally, Desjardins upped their target price on Suncor Energy from C$54.00 to C$56.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd.

Insider Buying and Selling

In related news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$51.66, for a total value of C$5,165,900.00. 0.01% of the stock is currently owned by company insiders.

Suncor Energy Stock Performance

Shares of SU opened at C$52.10 on Friday. The company has a debt-to-equity ratio of 36.00, a quick ratio of 0.83 and a current ratio of 1.51. The stock has a 50 day moving average price of C$52.88 and a two-hundred day moving average price of C$49.08. The firm has a market capitalization of C$66.69 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.15 and a beta of 1.50. Suncor Energy has a 52 week low of C$37.86 and a 52 week high of C$56.69.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$1.41 EPS for the quarter, topping analysts’ consensus estimates of C$1.23 by C$0.18. The firm had revenue of C$12.53 billion during the quarter, compared to analyst estimates of C$11.81 billion. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. Equities analysts forecast that Suncor Energy will post 5.7081192 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 25th were given a $0.545 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.18%. Suncor Energy’s dividend payout ratio (DPR) is presently 35.91%.

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.