Suncor Energy Inc. (TSE:SU – Get Free Report) (NYSE:SU) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$62.11.
Several research firms recently issued reports on SU. TD Securities upped their target price on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. UBS Group upped their target price on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Desjardins upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. Royal Bank of Canada lowered their price target on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Finally, Scotiabank boosted their price target on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th.
Check Out Our Latest Report on SU
Insider Activity
Suncor Energy Stock Performance
Shares of Suncor Energy stock opened at C$55.88 on Thursday. The firm has a market cap of C$70.97 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The stock’s 50-day moving average is C$54.26 and its 200-day moving average is C$53.54. Suncor Energy has a one year low of C$42.43 and a one year high of C$58.58. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83.
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last released its earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same quarter last year, the firm earned $1.52 EPS. Equities analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.
Suncor Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were given a $0.57 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, December 3rd. This represents a $2.28 annualized dividend and a dividend yield of 4.08%. Suncor Energy’s dividend payout ratio is presently 37.46%.
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.
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