Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given a consensus rating of “Buy” by the thirteen analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$51.50.
A number of research analysts recently commented on the company. Eight Capital set a C$56.00 price objective on Suncor Energy and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Wells Fargo upped their price objective on Suncor Energy from C$56.00 to C$59.00 in a research note on Thursday, January 11th. National Bank Financial upped their price objective on Suncor Energy from C$49.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Raymond James Financial upped their price objective on Suncor Energy from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$52.00 price objective on shares of Suncor Energy in a research note on Monday, December 11th.
In other Suncor Energy news, Director Dominic D’alessandro purchased 30,000 shares of Suncor Energy stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of C$42.20 per share, for a total transaction of C$1,266,000.00. Also, Director Dennis Michael Houston purchased 5,000 shares of Suncor Energy stock in a transaction on Wednesday, March 14th. The shares were acquired at an average price of C$32.47 per share, with a total value of C$162,350.00.
Shares of SU stock traded up C$0.53 on Wednesday, reaching C$43.60. The company had a trading volume of 3,177,327 shares, compared to its average volume of 3,119,297. The company has a market cap of $69,340.00, a P/E ratio of 16.27 and a beta of 0.45. Suncor Energy has a 52-week low of C$36.09 and a 52-week high of C$47.69.
Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.79 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.68 by C$0.11. The firm had revenue of C$9.04 billion during the quarter, compared to the consensus estimate of C$8 billion. Suncor Energy had a return on equity of 12.21% and a net margin of 15.36%.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 5th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Friday, March 2nd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32. Suncor Energy’s payout ratio is 47.76%.
About Suncor Energy
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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