Shares of Suncor Energy Inc. (TSE:SU – Get Rating) (NYSE:SU) have been given an average recommendation of "Moderate Buy" by the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$49.95.
Several research firms have commented on SU. Credit Suisse Group reiterated an "outperform" rating and set a C$63.00 price objective on shares of Suncor Energy in a research report on Thursday, August 11th. National Bankshares reduced their target price on shares of Suncor Energy from C$64.00 to C$63.00 and set a "sector perform" rating on the stock in a research note on Monday, August 8th. TD Securities reduced their target price on shares of Suncor Energy from C$63.00 to C$56.00 and set a "buy" rating on the stock in a research note on Friday, August 5th. CSFB set a C$63.00 target price on shares of Suncor Energy and gave the company an "outperform" rating in a research note on Thursday, August 11th. Finally, BMO Capital Markets increased their target price on shares of Suncor Energy from C$54.00 to C$60.00 in a research note on Thursday, June 9th.
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Suncor Energy Price Performance
SU stock opened at C$36.95 on Monday. Suncor Energy has a 52 week low of C$25.33 and a 52 week high of C$53.62. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 43.68. The company has a fifty day simple moving average of C$41.50 and a two-hundred day simple moving average of C$43.68. The firm has a market capitalization of C$50.43 billion and a P/E ratio of 5.66.
Suncor Energy (TSE:SU – Get Rating) (NYSE:SU) last released its quarterly earnings data on Thursday, August 4th. The company reported C$2.71 EPS for the quarter, beating the consensus estimate of C$2.21 by C$0.50. The business had revenue of C$16.20 billion for the quarter, compared to the consensus estimate of C$12.49 billion. Analysts anticipate that Suncor Energy will post 7.9099992 earnings per share for the current fiscal year.
Suncor Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Thursday, September 1st. Suncor Energy's dividend payout ratio (DPR) is 23.28%.
Insider Buying and Selling at Suncor Energy
In other Suncor Energy news, Senior Officer Paul Douglas Gardner sold 30,000 shares of the firm's stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of C$45.00, for a total transaction of C$1,350,000.00. In other news, Senior Officer Paul Douglas Gardner sold 30,000 shares of the firm's stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of C$45.00, for a total value of C$1,350,000.00. Also, Director Christopher Raymond Seasons purchased 1,525 shares of the stock in a transaction dated Friday, August 19th. The stock was purchased at an average price of C$42.52 per share, for a total transaction of C$64,843.00. Following the completion of the acquisition, the director now directly owns 1,525 shares in the company, valued at approximately C$64,843.
About Suncor Energy
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Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
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