Suncor Energy Inc. (NYSE:SU) Receives $58.00 Average PT from Brokerages

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $58.00.

Several equities research analysts have weighed in on SU shares. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Bank of America started coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating for the company.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $37.68 on Thursday. The firm has a market cap of $46.61 billion, a P/E ratio of 10.92, a P/E/G ratio of 2.94 and a beta of 1.11. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy has a 12 month low of $33.81 and a 12 month high of $41.95. The stock’s fifty day moving average price is $38.30 and its 200-day moving average price is $38.20.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, equities research analysts expect that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

Institutional Trading of Suncor Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its holdings in shares of Suncor Energy by 8.9% during the third quarter. Janney Montgomery Scott LLC now owns 64,084 shares of the oil and gas producer’s stock worth $2,366,000 after buying an additional 5,247 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Suncor Energy in the third quarter worth about $2,477,000. Ashton Thomas Private Wealth LLC lifted its stake in shares of Suncor Energy by 2.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 53,128 shares of the oil and gas producer’s stock worth $1,961,000 after buying an additional 1,052 shares in the last quarter. Simmons Bank lifted its stake in shares of Suncor Energy by 9.1% in the third quarter. Simmons Bank now owns 42,613 shares of the oil and gas producer’s stock worth $1,573,000 after buying an additional 3,547 shares in the last quarter. Finally, D Orazio & Associates Inc. purchased a new position in shares of Suncor Energy in the third quarter worth about $202,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Company Profile

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.