Brokerages Set Suncor Energy Inc. (TSE:SU) PT at C$64.42

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$64.42.

SU has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on shares of Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. Desjardins boosted their price target on shares of Suncor Energy from C$64.00 to C$65.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Royal Bank Of Canada upped their price objective on shares of Suncor Energy from C$62.00 to C$67.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. TD Securities lifted their target price on Suncor Energy from C$67.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Scotiabank boosted their target price on Suncor Energy from C$60.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 6th.

Suncor Energy Stock Down 0.9%

Shares of Suncor Energy stock opened at C$62.43 on Wednesday. The business has a fifty day simple moving average of C$57.93 and a 200 day simple moving average of C$54.70. The stock has a market cap of C$75.00 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 0.15 and a beta of 0.61. 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$64.14.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, November 4th. The company reported C$1.34 earnings per share (EPS) for the quarter. The firm had revenue of C$12.55 billion for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. Research analysts predict that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were given a $0.57 dividend. The ex-dividend date was Thursday, September 4th. This represents a $2.28 annualized dividend and a dividend yield of 3.7%. Suncor Energy’s payout ratio is currently 53.15%.

Insiders Place Their Bets

In other Suncor Energy news, insider Shelley Powell sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of C$58.06, for a total transaction of C$1,741,650.00. Following the sale, the insider directly owned 27,705 shares in the company, valued at approximately C$1,608,413.78. This trade represents a 51.99% decrease in their position. Also, insider Kristopher Peter Smith sold 112,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the completion of the transaction, the insider owned 48,482 shares of the company’s stock, valued at C$2,993,278.68. This trade represents a 69.90% decrease in their position. Insiders sold a total of 252,142 shares of company stock valued at $15,003,939 in the last quarter. 0.01% of the stock is owned by company insiders.

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.