Suncor Energy Inc. (TSE:SU) Receives C$62.32 Consensus Target Price from Brokerages

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$62.32.

A number of analysts have recently weighed in on SU shares. Jefferies Financial Group cut their target price on Suncor Energy from C$62.00 to C$55.00 and set a "hold" rating for the company in a research report on Monday, September 16th. Raymond James upped their price objective on shares of Suncor Energy from C$52.00 to C$56.00 in a research report on Thursday, November 14th. Desjardins upgraded shares of Suncor Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, November 14th. UBS Group upped their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Finally, Scotiabank lifted their price objective on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th.

Insiders Place Their Bets

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm's stock in a transaction on Monday, November 18th. The shares were 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 on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Company insiders own 0.01% of the company's stock.

Suncor Energy Stock Down 1.9 %

Suncor Energy stock traded down C$1.05 during mid-day trading on Wednesday, reaching C$53.80. The company's stock had a trading volume of 3,010,725 shares, compared to its average volume of 8,076,960. The company has a market capitalization of C$68.33 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The business's 50 day simple moving average is C$54.21 and its 200 day simple moving average is C$53.37. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. Suncor Energy has a 12 month low of C$40.07 and a 12 month high of C$58.28.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th will be paid a dividend of $0.57 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, December 3rd. This represents a $2.28 annualized dividend and a dividend yield of 4.24%. Suncor Energy's dividend payout ratio is presently 37.46%.

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.