Shares of Suncor Energy Inc. (TSE:SU – Get Free Report) (NYSE:SU) have earned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$98.25.
A number of analysts recently issued reports on the company. The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a “buy” rating in a report on Friday, July 17th. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. lifted their target price on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. Finally, BMO Capital Markets upped their price target on shares of Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th.
Read Our Latest Analysis on Suncor Energy
Suncor Energy Price Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%.The company had revenue of C$17.50 billion for the quarter. As a group, sell-side analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current year.
Suncor Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be paid a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Suncor Energy’s payout ratio is currently 31.64%.
Insider Buying and Selling
In other news, insider Richard Michael Kruger sold 15,378 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total value of C$1,458,449.52. Also, insider Curtis Wade Serra sold 2,400 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$94.03, for a total transaction of C$225,672.00. Insiders sold a total of 79,792 shares of company stock valued at $7,294,928 in the last quarter. Corporate insiders own 0.01% of the company’s stock.
About Suncor Energy
Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.
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