Brokerages Set Suncor Energy Inc. (TSE:SU) PT at C$61.25

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has been given an average rating of "Moderate Buy" by the thirteen research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$61.25.

SU has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their target price on shares of Suncor Energy from C$67.00 to C$64.00 in a research note on Tuesday. Desjardins upped their target price on shares of Suncor Energy from C$56.00 to C$59.00 and gave the company a "hold" rating in a research note on Tuesday, July 23rd. Wolfe Research upgraded shares of Suncor Energy to a "strong-buy" rating in a research note on Thursday, July 18th. Scotiabank cut their target price on shares of Suncor Energy from C$61.00 to C$60.00 in a research note on Friday, July 12th. Finally, BMO Capital Markets upgraded shares of Suncor Energy from a "market perform" rating to an "outperform" rating and set a C$62.00 target price on the stock in a research note on Wednesday, August 7th.

Insider Activity at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the company's stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00. Also, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is owned by insiders.

Suncor Energy Trading Down 1.3 %

Shares of SU stock traded down C$0.66 during mid-day trading on Friday, reaching C$50.47. The company's stock had a trading volume of 12,398,795 shares, compared to its average volume of 8,448,160. The company's 50 day simple moving average is C$53.08 and its 200-day simple moving average is C$52.21. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.32. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The firm has a market capitalization of C$64.10 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.15 and a beta of 1.49.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, topping analysts' consensus estimates of C$1.06 by C$0.21. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. The firm had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. On average, research analysts predict that Suncor Energy will post 4.7260019 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th will be given a $0.545 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.18 annualized dividend and a dividend yield of 4.32%. Suncor Energy's dividend payout ratio (DPR) 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.