Brokerages Set Suncor Energy Inc. (TSE:SU) Target Price at C$50.56

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned a consensus rating of “Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$50.56.

A number of research firms have commented on SU. Citigroup decreased their target price on shares of Suncor Energy from C$55.00 to C$47.00 in a research report on Tuesday, October 8th. Raymond James restated an “outperform” rating and issued a C$48.00 price objective on shares of Suncor Energy in a report on Friday, November 1st. CSFB lowered their price objective on shares of Suncor Energy from C$52.00 to C$47.00 in a research report on Friday, November 22nd. National Bank Financial dropped their target price on shares of Suncor Energy from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Finally, CIBC dropped their target price on shares of Suncor Energy from C$55.00 to C$53.00 in a report on Tuesday, October 15th.

SU opened at C$42.35 on Friday. Suncor Energy has a one year low of C$35.53 and a one year high of C$46.50. The stock has a market capitalization of $65.10 billion and a PE ratio of 13.47. The business’s 50 day moving average price is C$41.19 and its 200 day moving average price is C$40.47. The company has a debt-to-equity ratio of 39.15, a quick ratio of 0.58 and a current ratio of 0.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Monday, December 2nd. Suncor Energy’s dividend payout ratio (DPR) is currently 51.51%.

In other Suncor Energy news, Senior Officer Michael Roderick Macsween sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$42.41, for a total transaction of C$848,166.00. Also, Senior Officer Eric Charles Axford sold 95,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$43.09, for a total value of C$4,093,569.00.

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.

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