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

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has been given an average recommendation of "Moderate Buy" by the thirteen brokerages that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$60.04.

Several analysts recently issued reports on SU shares. Jefferies Financial Group reduced their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a "hold" rating on the stock in a report on Monday, September 16th. Scotiabank decreased their price objective on shares of Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. National Bankshares dropped their target price on shares of Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th. Desjardins upped their price target on Suncor Energy from C$56.00 to C$59.00 and gave the stock a "hold" rating in a research note on Tuesday, July 23rd. Finally, Wolfe Research upgraded Suncor Energy to a "strong-buy" rating in a research report on Thursday, July 18th.

Suncor Energy Price Performance

SU traded down C$2.84 during trading on Tuesday, reaching C$52.78. The company's stock had a trading volume of 5,122,826 shares, compared to its average volume of 8,213,070. The company has a market cap of C$67.03 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.15 and a beta of 1.49. The firm has a fifty day simple moving average of C$53.02 and a two-hundred day simple moving average of C$52.79. Suncor Energy has a 1 year low of C$40.07 and a 1 year 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.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, topping the consensus estimate of C$1.06 by C$0.21. The business had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. As a group, analysts anticipate that Suncor Energy will post 4.2557377 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy's dividend payout ratio is currently 37.46%.

Insider Activity

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction 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. Corporate insiders own 0.01% of the company's stock.

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.