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

Suncor Energy Inc. (NYSE:SU) (TSE:SU) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $64.67.

SU has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Scotiabank upgraded Suncor Energy to a “hold” rating in a report on Wednesday, March 19th.

Institutional Investors Weigh In On Suncor Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management grew its stake in Suncor Energy by 143.5% during the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 465 shares during the period. Salem Investment Counselors Inc. boosted its position in Suncor Energy by 97.6% during the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 405 shares during the period. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy during the 4th quarter worth $35,000. Lee Danner & Bass Inc. purchased a new stake in shares of Suncor Energy in the fourth quarter worth about $36,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Suncor Energy in the first quarter worth about $36,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

Shares of NYSE SU opened at $37.53 on Friday. The company has a market cap of $45.89 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 3.30 and a beta of 0.79. Suncor Energy has a 12 month low of $30.79 and a 12 month high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.39 and a quick ratio of 0.84. The company has a 50-day simple moving average of $36.65 and a 200-day simple moving average of $36.95.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. The firm had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same period in the previous year, the company earned $1.41 EPS. On average, equities analysts anticipate that Suncor Energy will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.4133 per share. The ex-dividend date was Wednesday, June 4th. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a dividend yield of 4.40%. Suncor Energy’s payout ratio is currently 47.84%.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.