Suncor Energy Inc. (TSE:SU) Receives C$62.11 Average PT from Brokerages

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has been given a consensus rating of "Moderate Buy" by the twelve research firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$62.11.

A number of brokerages have recently issued reports on SU. National Bankshares reduced their target price on shares of Suncor Energy from C$76.00 to C$65.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Jefferies Financial Group boosted their price objective on shares of Suncor Energy from C$54.00 to C$58.00 in a report on Tuesday. Raymond James lowered their target price on shares of Suncor Energy from C$56.00 to C$55.00 in a report on Friday, December 13th. Wells Fargo & Company cut their price target on Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Finally, Royal Bank of Canada lowered their price objective on Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th.

Insider Activity at Suncor Energy

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total value of C$2,843,700.00. 0.01% of the stock is owned by corporate insiders.

Suncor Energy Stock Performance

TSE:SU traded up C$0.22 during mid-day trading on Thursday, hitting C$56.66. The stock had a trading volume of 2,055,590 shares, compared to its average volume of 5,079,942. Suncor Energy has a twelve month low of C$42.40 and a twelve month high of C$58.58. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The stock has a market cap of C$71.96 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 0.15 and a beta of 1.47. The company's 50 day simple moving average is C$54.29 and its 200 day simple moving average is C$53.49.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, beating analysts' consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same period in the previous year, the firm posted $1.52 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were issued a dividend of $0.57 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy's dividend payout ratio (DPR) is presently 37.46%.

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.