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

Shares of Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU have received an average rating of "Moderate Buy" from the eleven research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $64.67.

A number of research firms have recently weighed in on SU. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Bank of America began coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating for the company. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th.

Suncor Energy Stock Down 0.4%

Shares of Suncor Energy stock traded down $0.16 during trading on Tuesday, reaching $35.60. The company's stock had a trading volume of 3,871,094 shares, compared to its average volume of 4,440,979. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market cap of $43.90 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 2.94 and a beta of 0.79. Suncor Energy has a 1-year low of $30.79 and a 1-year high of $41.95. The company has a 50-day simple moving average of $35.32 and a two-hundred day simple moving average of $37.11.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 15.37% and a net margin of 11.80%. During the same quarter last year, the firm earned $1.41 EPS. As a group, equities analysts forecast 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 will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.64%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is presently 45.53%.

Hedge Funds Weigh In On Suncor Energy

A number of institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake in shares of Suncor Energy by 12,290.9% during the 1st quarter. Acadian Asset Management LLC now owns 12,418,784 shares of the oil and gas producer's stock valued at $480,760,000 after buying an additional 12,318,559 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Suncor Energy by 172.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,981 shares of the oil and gas producer's stock valued at $77,000 after buying an additional 1,254 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Suncor Energy by 1.3% during the 1st quarter. Focus Partners Wealth now owns 796,967 shares of the oil and gas producer's stock valued at $30,859,000 after buying an additional 10,514 shares during the last quarter. Bayforest Capital Ltd raised its stake in shares of Suncor Energy by 154.6% during the 1st quarter. Bayforest Capital Ltd now owns 5,030 shares of the oil and gas producer's stock valued at $195,000 after buying an additional 3,054 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Suncor Energy by 36.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 944,533 shares of the oil and gas producer's stock valued at $36,572,000 after buying an additional 251,298 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

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.