Suncor Energy Inc. (TSE:SU) Given Average Rating of “Moderate Buy” by Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given a consensus rating of “Moderate Buy” by the fifteen research firms that are presently covering the firm, Marketbeat reports. Five equities 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$63.04.

Several equities research analysts have recently commented on SU shares. Royal Bank of Canada reduced their target price on Suncor Energy from C$66.00 to C$65.00 in a report on Tuesday, January 14th. Scotiabank raised shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Jefferies Financial Group lifted their target price on shares of Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a “neutral” rating for the company in a research note on Friday.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at C$46.47 on Tuesday. Suncor Energy has a 52 week low of C$43.59 and a 52 week high of C$58.58. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The stock has a market cap of C$58.28 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company’s 50-day moving average price is C$53.15 and its two-hundred day moving average price is C$53.73.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s dividend payout ratio is 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.