Suncor Energy Inc. (TSE:SU) Receives C$54.47 Consensus Target Price from Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have received an average rating of “Buy” from the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$54.47.

SU has been the subject of several recent research reports. CIBC decreased their price target on Suncor Energy from C$56.00 to C$55.00 in a report on Thursday, July 18th. GMP Securities decreased their price target on Suncor Energy from C$43.00 to C$42.00 in a report on Friday, July 26th. Royal Bank of Canada decreased their price target on Suncor Energy from C$53.00 to C$50.00 in a report on Thursday, July 18th. TD Securities decreased their price target on Suncor Energy from C$51.00 to C$50.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, National Bank Financial decreased their price target on Suncor Energy from C$56.00 to C$55.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th.

Suncor Energy stock traded down C$0.02 during trading on Friday, hitting C$37.86. 3,514,600 shares of the company were exchanged, compared to its average volume of 3,665,212. The firm has a 50 day simple moving average of C$40.27. Suncor Energy has a 52 week low of C$35.53 and a 52 week high of C$54.51. The company has a market capitalization of $58.97 billion and a P/E ratio of 10.55. The company has a debt-to-equity ratio of 39.95, a current ratio of 0.98 and a quick ratio of 0.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.44%. Suncor Energy’s dividend payout ratio (DPR) is presently 43.47%.

Suncor Energy Company Profile

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.

Featured Story: How Do Investors Open a Backdoor Roth IRA?

Analyst Recommendations for Suncor Energy (TSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.