Suncor Energy Inc. (TSE:SU) Receives C$62.54 Average Target Price from Brokerages

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU have been given a consensus rating of "Moderate Buy" by the thirteen brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$62.54.

SU has been the topic of several analyst reports. Desjardins raised shares of Suncor Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, November 14th. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the company a "buy" rating in a report on Monday, November 25th. TD Securities raised their price objective on Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Scotiabank upped their target price on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th.

Suncor Energy Trading Up 0.4 %

Shares of SU stock traded up C$0.25 on Monday, reaching C$56.74. 2,156,208 shares of the stock were exchanged, compared to its average volume of 6,556,384. The stock has a 50 day moving average price of C$54.33 and a 200 day moving average price of C$53.95. Suncor Energy has a one year low of C$44.11 and a one year high of C$58.58. The stock has a market cap of C$71.17 billion, a PE ratio of 8.96, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were paid a $0.57 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.28 annualized dividend and a yield of 4.02%. This is a boost from Suncor Energy's previous quarterly dividend of $0.55. Suncor Energy's payout ratio is presently 34.42%.

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.