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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$62.96.

SU has been the subject of several recent research reports. TD Securities decreased their price objective on Suncor Energy from C$63.00 to C$61.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank of Canada cut their price target on Suncor Energy from C$66.00 to C$65.00 in a report on Tuesday, January 14th. Wells Fargo & Company decreased their price objective on Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Raymond James boosted their price objective on shares of Suncor Energy from C$57.00 to C$58.00 and gave the company a “market perform” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th.

Suncor Energy Trading Up 0.6 %

Shares of TSE SU opened at C$54.00 on Friday. Suncor Energy has a twelve month low of C$48.41 and a twelve month high of C$58.58. The firm has a market cap of C$67.73 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The business has a fifty day simple moving average of C$54.93 and a two-hundred day simple moving average of C$53.77. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 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.