Suncor Energy Inc. (NYSE:SU) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Suncor Energy Inc. (NYSE:SUGet Free Report) (TSE:SU) have been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $51.67.

A number of brokerages have recently weighed in on SU. The Goldman Sachs Group boosted their price objective on shares of Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. TD Securities boosted their target price on shares of Suncor Energy from $52.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Raymond James raised shares of Suncor Energy to a “hold” rating in a research report on Tuesday, May 28th. Finally, Morgan Stanley boosted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th.

View Our Latest Report on SU

Suncor Energy Price Performance

NYSE SU opened at $38.14 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $49.04 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 3.76 and a beta of 1.11. The company has a 50 day moving average price of $39.03 and a two-hundred day moving average price of $35.22. Suncor Energy has a 12-month low of $28.07 and a 12-month high of $41.50.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last issued its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.15. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $8.64 billion. As a group, equities analysts predict that Suncor Energy will post 3.37 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.58 annualized dividend and a dividend yield of 4.14%. Suncor Energy’s dividend payout ratio is presently 35.19%.

Institutional Investors Weigh In On Suncor Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in Suncor Energy by 9.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 60,372 shares of the oil and gas producer’s stock worth $2,075,000 after buying an additional 5,303 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Suncor Energy by 20.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,978 shares of the oil and gas producer’s stock valued at $927,000 after purchasing an additional 4,537 shares during the period. HighTower Advisors LLC lifted its position in Suncor Energy by 39.9% during the 3rd quarter. HighTower Advisors LLC now owns 45,997 shares of the oil and gas producer’s stock valued at $1,581,000 after purchasing an additional 13,126 shares during the period. Blair William & Co. IL lifted its position in Suncor Energy by 2.2% during the 3rd quarter. Blair William & Co. IL now owns 154,551 shares of the oil and gas producer’s stock valued at $5,313,000 after purchasing an additional 3,314 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Suncor Energy by 5.7% in the 3rd quarter. Deutsche Bank AG now owns 1,122,327 shares of the oil and gas producer’s stock valued at $38,586,000 after acquiring an additional 60,236 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

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.

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Analyst Recommendations for Suncor Energy (NYSE:SU)

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