Suncor Energy Inc. (TSE:SU) Stock Has Consensus Target Price of C$100.94 According to Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$101.56.

Several brokerages recently weighed in on SU. Raymond James Financial lifted their price target on Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. ATB Cormark Capital Markets upped their price target on Suncor Energy from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a report on Tuesday, October 6th. TD increased their price target on Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Scotiabank raised Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, BMO Capital Markets raised their price objective on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th.

Suncor Energy Stock Up 1.0%

SU stock opened at C$107.90 on Friday. Suncor Energy has a one year low of C$53.02 and a one year high of C$108.80. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The firm’s fifty day moving average is C$95.05 and its 200 day moving average is C$90.10. The firm has a market cap of C$126.20 billion, a PE ratio of 14.41, a P/E/G ratio of 0.15 and a beta of 0.18.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The business had revenue of C$17.50 billion during the quarter. On average, research analysts forecast that Suncor Energy will post 4.42 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 4th. Suncor Energy’s dividend payout ratio is presently 31.64%.

Insider Activity

In related news, insider Shelley Powell sold 41,911 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total value of C$3,671,403.60. Following the completion of the sale, the insider owned 27,705 shares of the company’s stock, valued at approximately C$2,426,958. The trade was a 60.20% decrease in their position. Also, insider Curtis Wade Serra sold 2,400 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$94.03, for a total transaction of C$225,672.00. Over the last ninety days, insiders have sold 79,792 shares of company stock worth $7,294,928. Insiders own 0.01% of the company’s stock.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.