Suncor Energy Inc. (TSE:SU) Receives C$62.96 Consensus Price Target from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$63.04.

A number of brokerages recently commented on SU. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Jefferies Financial Group raised their price objective on shares of Suncor Energy from C$58.00 to C$59.00 in a report on Monday, February 24th. JPMorgan Chase & Co. lowered their price objective on Suncor Energy from C$63.00 to C$62.00 and set a “neutral” rating on the stock in a research note on Friday. 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, Desjardins cut their price objective on Suncor Energy from C$68.50 to C$65.00 and set a “buy” rating for the company in a report on Wednesday, March 19th.

Suncor Energy Trading Up 3.1 %

Suncor Energy stock opened at C$46.47 on Tuesday. The business has a 50 day moving average price of C$53.15 and a two-hundred day moving average price of C$53.73. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy has a 12 month low of C$43.59 and a 12 month high of C$58.58. The stock has a market cap of C$58.28 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.28 annualized dividend and a dividend yield of 4.91%. Suncor Energy’s dividend payout ratio (DPR) is currently 34.42%.

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.