Analysts Set Suncor Energy Inc. (TSE:SU) Price Target at C$58.08

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$62.42.

SU has been the subject of several analyst reports. National Bankshares raised their target price on Suncor Energy from C$75.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank lifted their price objective on Suncor Energy from C$54.00 to C$61.00 and gave the company a “sector perform” rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective on Suncor Energy from C$61.00 to C$66.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada lifted their price objective on Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Jefferies Financial Group lifted their price objective on Suncor Energy from C$54.00 to C$62.00 and gave the company a “hold” rating in a research report on Wednesday.

Suncor Energy Stock Performance

SU opened at C$55.43 on Friday. Suncor Energy has a 12-month low of C$37.09 and a 12-month high of C$56.30. The firm has a market capitalization of C$70.95 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.15 and a beta of 1.50. The stock’s 50 day moving average price is C$52.26 and its two-hundred day moving average price is C$46.95. The company has a quick ratio of 0.83, a current ratio of 1.51 and a debt-to-equity ratio of 36.00.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, topping the consensus estimate of C$1.05 by C$0.21. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. The company had revenue of C$14.14 billion for the quarter, compared to analyst estimates of C$11.33 billion. On average, equities analysts forecast that Suncor Energy will post 4.9972527 earnings per share for the current year.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.18 annualized dividend and a yield of 3.93%. Suncor Energy’s payout ratio is presently 36.09%.

Insider Buying and Selling

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

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.