Suncor Energy Inc. (TSE:SU) Receives Average Rating of "Moderate Buy" from Analysts

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has received a consensus recommendation of "Moderate Buy" from the twelve research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$61.89.

Several research firms recently commented on SU. Royal Bank of Canada increased their target price on Suncor Energy from C$64.00 to C$66.00 in a report on Thursday, November 14th. Desjardins upgraded Suncor Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, November 14th. Gerdes Energy Research set a C$69.00 target price on Suncor Energy and gave the stock a "buy" rating in a research note on Monday, November 25th. UBS Group increased their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Finally, Wells Fargo & Company reduced their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th.

Suncor Energy Stock Up 0.5 %

TSE:SU traded up C$0.25 during midday trading on Friday, reaching C$50.86. The company had a trading volume of 12,475,132 shares, compared to its average volume of 8,244,218. Suncor Energy has a 12-month low of C$41.88 and a 12-month high of C$58.28. The firm has a market capitalization of C$64.59 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The stock's fifty day simple moving average is C$53.86 and its 200-day simple moving average is C$53.08.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were paid a $0.57 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy's dividend payout ratio (DPR) is presently 37.46%.

Insiders Place Their Bets

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the firm's stock in a transaction 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 company insiders.

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.