Suncor Energy Inc. (TSE:SU) Receives C$57.19 Consensus Target Price from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned an average rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$57.62.

SU has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Suncor Energy from C$55.00 to C$60.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Desjardins raised their price target on Suncor Energy from C$48.50 to C$54.00 and gave the company a “hold” rating in a report on Tuesday. Jefferies Financial Group upped their price objective on Suncor Energy from C$50.00 to C$53.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Royal Bank of Canada raised their target price on Suncor Energy from C$52.00 to C$58.00 in a report on Tuesday, April 9th. Finally, BMO Capital Markets boosted their target price on shares of Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th.

Insider Activity at Suncor Energy

In related news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. 0.01% of the stock is currently owned by insiders.

Suncor Energy Price Performance

Shares of TSE SU opened at C$53.88 on Tuesday. The stock’s 50-day simple moving average is C$49.34 and its 200-day simple moving average is C$45.90. The firm has a market capitalization of C$69.51 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52. Suncor Energy has a fifty-two week low of C$37.09 and a fifty-two week high of C$54.10. The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.83 and a current ratio of 1.44.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. The firm had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. As a group, equities research analysts forecast that Suncor Energy will post 4.7415525 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Friday, March 1st. Suncor Energy’s dividend payout ratio is currently 34.44%.

Suncor Energy Company Profile

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.