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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$95.88.

Several equities analysts recently commented on SU shares. Royal Bank Of Canada boosted their target price on Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. upped their price objective on shares of Suncor Energy from C$105.00 to C$106.00 in a research report on Tuesday, May 12th. Gerdes Energy Research lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. Desjardins set a C$107.00 price target on shares of Suncor Energy and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th.

Suncor Energy Stock Performance

Suncor Energy stock opened at C$94.14 on Monday. Suncor Energy has a 1-year low of C$52.95 and a 1-year high of C$96.53. The company has a current ratio of 1.42, a quick ratio of 0.83 and a debt-to-equity ratio of 32.36. The firm has a market capitalization of C$111.16 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17. The firm’s 50 day simple moving average is C$85.10 and its 200 day simple moving average is C$83.22.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 EPS for the quarter. The firm had revenue of C$14.48 billion during the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. As a group, analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s payout ratio is presently 44.49%.

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