Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$49.00.
Several research analysts have recently weighed in on SU shares. Royal Bank of Canada lifted their target price on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price on the stock. in a research report on Thursday, November 16th. National Bank Financial dropped their target price on shares of Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. CIBC boosted their price objective on shares of Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. Finally, Barclays boosted their price objective on shares of Suncor Energy from C$47.00 to C$49.00 in a research report on Tuesday, October 10th.
Shares of Suncor Energy (SU) traded down C$0.41 on Monday, hitting C$43.59. 2,625,300 shares of the stock traded hands, compared to its average volume of 2,621,511. Suncor Energy has a 12 month low of C$36.09 and a 12 month high of C$46.66.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, November 30th. Suncor Energy’s dividend payout ratio (DPR) is presently 57.87%.
In related news, insider Michael Roderick Macsween sold 55,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of C$46.00, for a total transaction of C$2,530,000.00. Also, insider Mark Stephen Little sold 1,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of C$45.51, for a total transaction of C$45,510.00. Insiders sold 76,100 shares of company stock valued at $3,440,074 over the last quarter.
COPYRIGHT VIOLATION WARNING: “Brokerages Set Suncor Energy Inc. (SU) PT at $49.00” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2018/01/06/brokerages-set-suncor-energy-inc-su-pt-at-49-00.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.
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.