Suncor Energy Inc. (TSE:SU) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$67.62.

Several research firms recently commented on SU. JPMorgan Chase & Co. raised their price target on shares of Suncor Energy from C$59.00 to C$64.00 in a report on Thursday, November 6th. Raymond James Financial raised their target price on shares of Suncor Energy from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. TD Securities lifted their target price on shares of Suncor Energy from C$71.00 to C$73.00 and gave the company a “buy” rating in a report on Friday, December 12th. National Bankshares lowered their price target on Suncor Energy from C$73.00 to C$72.00 and set an “outperform” rating for the company in a report on Friday, January 9th. Finally, UBS Group raised their price objective on Suncor Energy from C$61.00 to C$65.00 in a research report on Wednesday, November 5th.

Insider Buying and Selling

In other news, insider Peter Douglas Zebedee sold 43,364 shares of Suncor Energy stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$62.53, for a total transaction of C$2,711,550.92. Also, insider Troy Ward Little sold 8,711 shares of Suncor Energy stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$62.61, for a total transaction of C$545,395.71. In the last ninety days, insiders have sold 164,675 shares of company stock valued at $10,208,871. Corporate insiders own 0.01% of the company’s stock.

Suncor Energy Trading Up 3.3%

Shares of SU opened at C$68.91 on Thursday. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$69.53. The firm has a market capitalization of C$82.78 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 0.15 and a beta of 0.79. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The stock’s fifty day simple moving average is C$61.58 and its 200 day simple moving average is C$57.53.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$1.48 EPS for the quarter. The company had revenue of C$12.55 billion during the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. On average, equities research analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 24th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Wednesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.57. Suncor Energy’s dividend payout ratio (DPR) is 53.15%.

About Suncor Energy

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.