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

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $64.67.

A number of equities analysts have recently weighed in on SU shares. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Bank of America started coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Wall Street Zen cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

Suncor Energy Stock Performance

NYSE:SU opened at $35.74 on Tuesday. The firm has a market capitalization of $44.07 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The firm has a 50-day moving average price of $35.51 and a 200 day moving average price of $37.19. 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 12-month low of $30.79 and a 12-month high of $41.95.

Suncor Energy (NYSE:SU) (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 the consensus estimate of $0.86 by $0.05. The company had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same quarter last year, the business posted $1.41 earnings per share. Research analysts anticipate that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a yield of 4.63%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is 45.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SU. Covestor Ltd boosted its holdings in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 256 shares during the period. Principal Securities Inc. boosted its holdings in Suncor Energy by 2.2% in the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock valued at $443,000 after purchasing an additional 265 shares during the period. Stifel Financial Corp boosted its holdings in Suncor Energy by 0.3% in the 4th quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer’s stock valued at $3,408,000 after purchasing an additional 265 shares during the period. X Square Capital LLC boosted its holdings in Suncor Energy by 0.3% in the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer’s stock valued at $2,951,000 after purchasing an additional 267 shares during the period. Finally, Freedom Investment Management Inc. boosted its holdings in Suncor Energy by 2.0% in the 4th quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer’s stock valued at $547,000 after purchasing an additional 302 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

About Suncor Energy

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.