Brokerages Set Suncor Energy (SU) PT at $52.15

Suncor Energy (TSE:SU) (NYSE:SU) has been given a consensus rating of “Buy” by the fourteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$52.15.

A number of equities analysts have recently issued reports on the company. CSFB increased their target price on Suncor Energy from C$51.00 to C$56.00 in a report on Friday, April 13th. Wells Fargo increased their target price on Suncor Energy from C$60.00 to C$63.00 in a report on Thursday, April 12th. Barclays increased their target price on Suncor Energy from C$50.00 to C$52.00 in a report on Friday, February 9th. Royal Bank of Canada increased their target price on Suncor Energy from C$49.00 to C$52.00 in a report on Friday, February 9th. Finally, TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a C$52.00 price target on the stock in a research report on Friday, February 9th.

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In related news, Director Dominic D’alessandro purchased 30,000 shares of Suncor Energy stock in a transaction dated Wednesday, February 14th. The shares were acquired at an average cost of C$42.20 per share, for a total transaction of C$1,266,000.00. Also, insider Steven Walter Williams sold 800 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of C$44.03, for a total value of C$35,224.00.

Shares of SU traded up C$0.04 during mid-day trading on Friday, reaching C$48.61. The company had a trading volume of 755,501 shares, compared to its average volume of 3,180,146. Suncor Energy has a twelve month low of C$36.09 and a twelve month high of C$49.00.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Thursday, February 8th. The company reported C$0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.68 by C$0.11. Suncor Energy had a return on equity of 12.21% and a net margin of 15.36%. The business had revenue of C$9.04 billion during the quarter, compared to analysts’ expectations of C$8 billion.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 5th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.96%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 2nd.

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About Suncor Energy

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

Analyst Recommendations for Suncor Energy (TSE:SU)

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