Suncor Energy (NYSE:SU) Sets New 1-Year High at $41.17

Shares of Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU reached a new 52-week high during trading on Tuesday . The company traded as high as $41.17 and last traded at $41.14, with a volume of 2568452 shares. The stock had previously closed at $39.85.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SU. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, May 16th. Morgan Stanley boosted their price objective on shares of Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Suncor Energy Stock Up 3.0 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.97. The firm's 50-day moving average is $38.08 and its 200 day moving average is $34.54. The stock has a market cap of $52.78 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.80 by $0.13. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same quarter in the prior year, the business posted $1.33 earnings per share. Sell-side analysts anticipate that Suncor Energy Inc. will post 3.77 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, June 25th. Stockholders of record on Tuesday, June 4th will be given a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, June 4th. Suncor Energy's payout ratio is currently 35.86%.

Institutional Investors Weigh In On Suncor Energy

Several large investors have recently made changes to their positions in the business. Johnson Financial Group Inc. purchased a new position in shares of Suncor Energy in the fourth quarter valued at $25,000. Richardson Financial Services Inc. purchased a new position in shares of Suncor Energy in the fourth quarter valued at $25,000. Optiver Holding B.V. purchased a new position in shares of Suncor Energy in the third quarter valued at $29,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Suncor Energy by 43.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 313 shares during the period. Finally, Adirondack Trust Co. boosted its stake in shares of Suncor Energy by 45.6% in the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

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.