Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned a consensus rating of “Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$51.54.
Several brokerages have commented on SU. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$52.00 price objective for the company in a report on Friday, February 9th. Barclays increased their price target on shares of Suncor Energy from C$50.00 to C$52.00 in a research note on Friday, February 9th. Royal Bank of Canada increased their price target on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. GMP Securities increased their price target on shares of Suncor Energy from C$42.00 to C$43.00 in a research note on Thursday, November 16th. Finally, Raymond James Financial increased their price target on shares of Suncor Energy from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th.
In other news, Director Dominic D’alessandro acquired 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were bought at an average cost of C$42.20 per share, with a total value of C$1,266,000.00. Also, insider Steven Walter Williams sold 2,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$43.32, for a total transaction of C$86,640.00.
Shares of Suncor Energy (TSE SU) traded up C$0.42 during midday trading on Friday, reaching C$43.60. 1,656,700 shares of the company’s stock traded hands, compared to its average volume of 3,200,000. Suncor Energy has a 1-year low of C$36.09 and a 1-year high of C$47.69. The company has a market cap of $71,550.00, a price-to-earnings ratio of 16.27 and a beta of 0.40.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.30%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 2nd. Suncor Energy’s dividend payout ratio (DPR) is presently 46.64%.
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About Suncor Energy
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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