Suncor Energy Inc. (NYSE:SU) Receives $67.00 Average PT from Analysts

Shares of Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU have received an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $66.00.

Separately, Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th.

Hedge Funds Weigh In On Suncor Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of SU. Hanson & Doremus Investment Management raised its stake in shares of Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 465 shares during the period. Salem Investment Counselors Inc. raised its stake in shares of Suncor Energy by 97.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 405 shares during the period. Maseco LLP acquired a new stake in shares of Suncor Energy in the 2nd quarter valued at about $32,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Suncor Energy in the 1st quarter valued at about $36,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter valued at about $35,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Price Performance

Suncor Energy stock traded down $0.26 during trading hours on Wednesday, hitting $38.83. 3,205,791 shares of the stock were exchanged, compared to its average volume of 4,478,293. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a market capitalization of $47.47 billion, a P/E ratio of 11.19, a P/E/G ratio of 3.39 and a beta of 0.80. Suncor Energy has a 12 month low of $30.79 and a 12 month high of $41.95. The business's 50-day moving average is $37.65 and its two-hundred day moving average is $37.25.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. The firm had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. Equities research analysts expect that Suncor Energy will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.4133 dividend. 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 dividend on an annualized basis and a yield of 4.26%. Suncor Energy's dividend payout ratio (DPR) is presently 47.84%.

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.