Suncor Energy Inc. (NYSE:SU) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU have been given an average rating of "Moderate Buy" by the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $59.20.

A number of analysts have issued reports on the company. Bank of America started coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating for the company. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, StockNews.com cut Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th.

Institutional Trading of Suncor Energy

Institutional investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC increased its position in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after acquiring an additional 325 shares during the period. Hanson & Doremus Investment Management raised its position in Suncor Energy by 143.5% during 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 last quarter. Salem Investment Counselors Inc. lifted its holdings in 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 worth $32,000 after buying an additional 405 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of Suncor Energy in the 4th quarter worth approximately $35,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of Suncor Energy during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Performance

Shares of SU traded down $1.13 on Friday, reaching $33.99. 14,195,864 shares of the company's stock traded hands, compared to its average volume of 4,560,107. The stock's 50 day simple moving average is $35.64 and its two-hundred day simple moving average is $37.48. 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 52-week low of $30.79 and a 52-week high of $41.95. The stock has a market cap of $41.91 billion, a PE ratio of 9.85, a PEG ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The company had revenue of $9.10 billion for 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 period in the previous year, the business posted $1.41 EPS. On average, analysts forecast that Suncor Energy will post 3.42 earnings per share 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. Investors of record on Wednesday, June 4th will be given a $0.4133 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Wednesday, June 4th. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is presently 45.24%.

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.