Suncor Energy Inc. (SU) Given Average Rating of “Buy” by Analysts

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%.

COPYRIGHT VIOLATION WARNING: “Suncor Energy Inc. (SU) Given Average Rating of “Buy” by Analysts” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/24/suncor-energy-inc-su-given-average-rating-of-buy-by-analysts.html.

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.

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.

Leave a Reply