Suncor Energy Inc. (TSE:SU) Given Consensus Recommendation of “Hold” by Analysts

Suncor Energy Inc. (TSE:SUGet Free Report) (NYSE:SU) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$53.19.

A number of research analysts recently weighed in on SU shares. TD Securities reduced their price objective on Suncor Energy from C$52.00 to C$50.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. National Bankshares cut their target price on Suncor Energy from C$74.00 to C$57.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. BMO Capital Markets cut their target price on Suncor Energy from C$51.00 to C$50.00 in a research note on Tuesday, December 12th. CIBC cut their target price on Suncor Energy from C$47.00 to C$46.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on Suncor Energy from C$59.00 to C$52.00 and set a “neutral” rating on the stock in a research note on Friday, December 8th.

Check Out Our Latest Research Report on Suncor Energy

Insiders Place Their Bets

In related news, Senior Officer Karen Liane Keegans purchased 2,674 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average cost of C$29.73 per share, with a total value of C$79,498.02. In other news, Senior Officer Shelley Powell sold 9,452 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of C$42.60, for a total transaction of C$402,655.20. Also, Senior Officer Karen Liane Keegans bought 2,674 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were acquired at an average price of C$29.73 per share, for a total transaction of C$79,498.02. 0.01% of the stock is owned by insiders.

Suncor Energy Stock Up 0.7 %

Shares of TSE:SU opened at C$43.55 on Thursday. Suncor Energy has a 52-week low of C$37.09 and a 52-week high of C$48.26. The firm has a market capitalization of C$56.62 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.15 and a beta of 1.51. The stock has a 50 day moving average price of C$42.96 and a 200-day moving average price of C$44.32. The company has a debt-to-equity ratio of 36.93, a quick ratio of 0.83 and a current ratio of 1.24.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 22nd were paid a $0.545 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, November 30th. This represents a $2.18 dividend on an annualized basis and a yield of 5.01%. Suncor Energy’s dividend payout ratio (DPR) is 35.22%.

About Suncor Energy

(Get Free Report

Suncor Energy Inc operates as an integrated energy company in Canada 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. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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