Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 10,660,000 shares, a drop of 20.2% from the March 15th total of 13,360,000 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 5,090,000 shares, the short-interest ratio is currently 2.1 days.
Hedge Funds Weigh In On Suncor Energy
A number of hedge funds and other institutional investors have recently modified their holdings of SU. HHM Wealth Advisors LLC lifted its position in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after buying an additional 325 shares during the last quarter. Hanson & Doremus Investment Management lifted its holdings 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 worth $31,000 after acquiring an additional 465 shares during the last quarter. Salem Investment Counselors Inc. boosted 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 in the last quarter. Crowley Wealth Management Inc. bought a new position in shares of Suncor Energy during the 4th quarter valued at $35,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of Suncor Energy during the 4th quarter valued at $36,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on SU. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Bank of America assumed coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. StockNews.com downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.
Get Our Latest Stock Report on SU
Suncor Energy Price Performance
Shares of SU stock traded up $0.01 during trading on Friday, hitting $35.61. The company had a trading volume of 1,391,504 shares, compared to its average volume of 4,462,805. The stock's 50-day moving average is $36.31 and its two-hundred day moving average is $37.73. The stock has a market capitalization of $44.05 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The company has a quick ratio of 0.86, a current ratio of 1.33 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.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, analysts predict that Suncor Energy will post 3.42 EPS for the current fiscal year.
Suncor Energy Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.48%. Suncor Energy's payout ratio is 45.51%.
About Suncor Energy
(
Get Free Report)
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.
See Also
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
