Analysts Set Suncor Energy Inc. (TSE:SU) PT at C$62.96

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has been given a consensus rating of "Moderate Buy" by the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$63.04.

A number of equities analysts recently issued reports on the company. Desjardins dropped their price objective on Suncor Energy from C$68.50 to C$65.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Jefferies Financial Group raised their price target on shares of Suncor Energy from C$58.00 to C$59.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Royal Bank of Canada reduced their target price on shares of Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th.

Suncor Energy Trading Up 3.1 %

TSE SU traded up C$1.41 on Tuesday, hitting C$46.47. 6,101,266 shares of the stock were exchanged, compared to its average volume of 8,283,996. Suncor Energy has a 52-week low of C$43.59 and a 52-week high of C$58.58. The firm has a market capitalization of C$58.28 billion, a P/E ratio of 7.34, 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 quick ratio of 0.83 and a current ratio of 1.59. The stock has a fifty day moving average price of C$53.15 and a two-hundred day moving average price of C$53.73.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio is presently 34.42%.

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.