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

Shares of Suncor Energy Inc. (TSE:SU) (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.

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:SU) (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

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.