Analysts Set Suncor Energy Inc. (NYSE:SU) Target Price at $64.67

Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU has been given an average rating of "Moderate Buy" by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $64.67.

SU has been the subject of a number of research analyst reports. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Bank of America began coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th.

Suncor Energy Trading Down 0.4%

NYSE:SU traded down $0.14 during trading hours on Tuesday, hitting $35.63. The company had a trading volume of 1,750,715 shares, compared to its average volume of 4,465,941. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a 50-day moving average price of $35.38 and a 200 day moving average price of $37.14. The company has a market capitalization of $43.93 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy has a 52 week low of $30.79 and a 52 week high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The company had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. During the same quarter in the previous year, the company earned $1.41 earnings per share. On average, equities research analysts predict that Suncor Energy will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. This represents a $1.65 annualized dividend and a yield of 4.64%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is currently 45.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SU. Vanguard Group Inc. boosted its holdings in shares of Suncor Energy by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock valued at $1,892,526,000 after acquiring an additional 323,714 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Suncor Energy by 0.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer's stock worth $865,885,000 after purchasing an additional 169,700 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Suncor Energy by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock worth $831,631,000 after purchasing an additional 209,447 shares during the last quarter. Toronto Dominion Bank raised its stake in Suncor Energy by 3.0% during the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock valued at $680,847,000 after buying an additional 552,018 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Suncor Energy by 65.0% during the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock valued at $620,136,000 after buying an additional 6,311,513 shares during the period. 67.37% of the stock is owned by institutional investors.

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.