Suncor Energy Inc. (TSE:SU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$93.13.

Several research firms have recently commented on SU. BMO Capital Markets boosted their price target on shares of Suncor Energy from C$85.00 to C$100.00 in a report on Wednesday, April 1st. Jefferies Financial Group boosted their price target on shares of Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. National Bank Financial upped their price objective on shares of Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada upped their price objective on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th.

Suncor Energy Stock Performance

Suncor Energy stock opened at C$93.99 on Wednesday. The company’s fifty day simple moving average is C$87.58 and its 200-day simple moving average is C$73.44. The company has a quick ratio of 0.83, a current ratio of 1.42 and a debt-to-equity ratio of 32.36. Suncor Energy has a 12 month low of C$48.13 and a 12 month high of C$95.73. The stock has a market cap of C$110.98 billion, a P/E ratio of 17.87, a P/E/G ratio of 0.15 and a beta of 0.37.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 EPS for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The business had revenue of C$14.48 billion for the quarter. As a group, sell-side analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were issued a $0.60 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Suncor Energy’s dividend payout ratio is currently 44.49%.

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.