Suncor Energy Inc. (SU) Receives Average Rating of “Buy” from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$48.73.

Several brokerages have weighed in on SU. TD Securities cut their price target on Suncor Energy from C$46.00 to C$45.00 and set a “buy” rating on the stock in a report on Thursday, July 27th. AltaCorp Capital downgraded Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. National Bank Financial restated an “outperfrom under weight” rating on shares of Suncor Energy in a report on Monday, June 26th. Royal Bank Of Canada restated an “outperform” rating and set a C$50.00 price target on shares of Suncor Energy in a report on Thursday, June 8th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$52.00 price target on shares of Suncor Energy in a report on Friday, April 28th.

Shares of Suncor Energy (TSE:SU) traded down 0.19% during midday trading on Tuesday, reaching $41.65. The company had a trading volume of 2,905,902 shares. Suncor Energy has a 52 week low of $34.01 and a 52 week high of $44.90. The company’s 50 day moving average price is $38.56 and its 200-day moving average price is $40.88. The company has a market capitalization of $69.11 billion and a P/E ratio of 25.77.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.11. Suncor Energy had a return on equity of 12.03% and a net margin of 17.29%. The company had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.41 billion. On average, equities research analysts predict that Suncor Energy will post $1.30 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th will be issued a $0.32 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.07%.

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About Suncor Energy

Suncor Energy Inc (Suncor) is an 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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