Brokerages Set Suncor Energy Inc. (TSE:SU) Target Price at C$61.25

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$61.25.

Several research firms recently weighed in on SU. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 target price for the company in a research note on Wednesday, August 7th. Scotiabank lowered their target price on shares of Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. National Bankshares lifted their price objective on shares of Suncor Energy from C$75.00 to C$77.00 in a research note on Thursday, August 8th. Jefferies Financial Group decreased their target price on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a research note on Wednesday, August 7th.

Insider Buying and Selling

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. Insiders own 0.01% of the company’s stock.

Suncor Energy Trading Down 2.6 %

TSE SU opened at C$49.18 on Friday. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.32. The firm has a 50 day moving average of C$52.99 and a two-hundred day moving average of C$52.30. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The stock has a market capitalization of C$62.46 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 0.15 and a beta of 1.49.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, beating the consensus estimate of C$1.06 by C$0.21. The firm had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. As a group, research analysts expect that Suncor Energy will post 4.2058333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.