Suncor Energy Inc. (TSE:SU) Receives C$60.46 Consensus Target Price from Brokerages

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU have been assigned an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$60.46.

SU has been the topic of a number of analyst reports. National Bankshares lowered their price objective on Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th. TD Securities lifted their price target on Suncor Energy from C$59.00 to C$60.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Royal Bank of Canada cut their price objective on Suncor Energy from C$67.00 to C$64.00 in a research report on Tuesday, September 17th. Jefferies Financial Group decreased their target price on shares of 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. Finally, Raymond James set a C$52.00 price target on shares of Suncor Energy in a report on Tuesday, October 15th.

Suncor Energy Stock Performance

SU traded down C$0.41 during trading on Friday, hitting C$54.48. 3,404,500 shares of the stock were exchanged, compared to its average volume of 7,874,088. 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 1-year low of C$40.07 and a 1-year high of C$57.32. The stock has a fifty day moving average price of C$52.54 and a two-hundred day moving average price of C$53.03. The firm has a market capitalization of C$69.19 billion, a P/E ratio of 9.36, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last released its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.06 by C$0.21. The firm had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. As a group, sell-side analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were issued a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 4.00%. Suncor Energy's payout ratio is 37.46%.

Insiders Place Their Bets

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. 0.01% of the stock is currently owned by 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.