Suncor Energy Inc. (TSE:SU) Receives Average Rating of “Hold” from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$57.62.

Several brokerages recently weighed in on SU. Royal Bank of Canada increased their price target on Suncor Energy from C$52.00 to C$58.00 in a report on Tuesday, April 9th. National Bankshares increased their price target on Suncor Energy from C$57.00 to C$75.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Jefferies Financial Group increased their price target on Suncor Energy from C$50.00 to C$53.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Desjardins increased their price target on Suncor Energy from C$48.50 to C$54.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Finally, BMO Capital Markets increased their price target on Suncor Energy from C$52.00 to C$55.00 in a report on Thursday, March 28th.

Suncor Energy Price Performance

SU stock opened at C$53.87 on Tuesday. The company has a market capitalization of C$69.49 billion, a P/E ratio of 8.51, a PEG ratio of 0.15 and a beta of 1.52. Suncor Energy has a twelve month low of C$37.09 and a twelve month high of C$54.10. The business has a 50 day simple moving average of C$49.52 and a 200-day simple moving average of C$45.97. The company has a current ratio of 1.44, a quick ratio of 0.83 and a debt-to-equity ratio of 36.52.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The business had revenue of C$14.14 billion during the quarter, compared to the consensus estimate of C$11.33 billion. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. As a group, equities analysts anticipate that Suncor Energy will post 4.7415525 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 4.05%. The ex-dividend date was Friday, March 1st. Suncor Energy’s payout ratio is 34.44%.

Insiders Place Their Bets

In other news, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. In other news, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. 0.01% of the stock is currently owned by company insiders.

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.