Suncor Energy Inc. (TSE:SU) Receives Average Rating of “Buy” from Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given an average rating of “Buy” by the eighteen brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$54.47.

A number of equities research analysts recently commented on SU shares. TD Securities decreased their target price on shares of Suncor Energy from C$51.00 to C$50.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Raymond James reissued a “neutral” rating and set a C$60.00 target price on shares of Suncor Energy in a research report on Friday, July 26th. National Bank Financial decreased their target price on shares of Suncor Energy from C$56.00 to C$55.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. Royal Bank of Canada cut their price target on shares of Suncor Energy from C$53.00 to C$50.00 in a research note on Thursday, July 18th. Finally, CIBC cut their price target on shares of Suncor Energy from C$56.00 to C$55.00 in a research note on Thursday, July 18th.

Shares of SU traded down C$0.39 during mid-day trading on Friday, hitting C$37.59. The company’s stock had a trading volume of 4,957,700 shares, compared to its average volume of 3,633,624. The company has a 50-day moving average price of C$40.86. Suncor Energy has a 52-week low of C$35.53 and a 52-week high of C$54.84. The company has a market cap of $58.55 billion and a price-to-earnings ratio of 10.47. The company has a quick ratio of 0.61, a current ratio of 0.98 and a debt-to-equity ratio of 39.95.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$0.77 earnings per share for the quarter, topping the consensus estimate of C$0.51 by C$0.26. The business had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$9.37 billion. Research analysts expect that Suncor Energy will post 3.43 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.42 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 4.47%. Suncor Energy’s dividend payout ratio is presently 43.47%.

About Suncor Energy

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, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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