Suncor Energy Inc. (TSE:SU) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$105.11.

A number of research firms have weighed in on SU. ATB Cormark Capital Markets raised their price objective on shares of Suncor Energy from C$100.00 to C$125.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. increased their price objective on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. Scotia raised their target price on shares of Suncor Energy from C$123.00 to C$126.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 5th. 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. Finally, Gerdes Energy Research cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd.

Suncor Energy Stock Up 1.0%

Suncor Energy stock opened at C$96.12 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 0.83 and a debt-to-equity ratio of 29.07. The firm has a market capitalization of C$110.66 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.15 and a beta of 0.12. The stock’s fifty day simple moving average is C$100.71 and its 200-day simple moving average is C$88.99. Suncor Energy has a twelve month low of C$57.95 and a twelve month high of C$112.80.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, November 3rd. The company reported C$3.97 earnings per share (EPS) for the quarter. The business had revenue of C$18.88 billion during the quarter. Suncor Energy had a net margin of 17.22% and a return on equity of 23.57%. As a group, equities analysts expect that Suncor Energy will post 4.42 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a $0.60 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Suncor Energy’s payout ratio is currently 25.50%.

Insider Activity

In other news, insider Richard Michael Kruger sold 15,378 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total transaction of C$1,458,449.52. Also, insider Adam Husain Albeldawi sold 1,173 shares of Suncor Energy stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$95.01, for a total transaction of C$111,446.73. Insiders have sold 37,881 shares of company stock worth $3,623,525 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.

Suncor Energy Company Profile

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.