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

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $67.00.

Several analysts have weighed in on SU shares. Scotiabank raised Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Wall Street Zen cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 17th.

Suncor Energy Stock Down 1.0%

Shares of NYSE SU opened at $39.43 on Wednesday. Suncor Energy has a one year low of $30.79 and a one year high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.39 and a quick ratio of 0.84. The business’s fifty day moving average price is $37.45 and its 200-day moving average price is $37.21. The stock has a market capitalization of $48.21 billion, a PE ratio of 11.36, a P/E/G ratio of 3.46 and a beta of 0.80.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business 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 14.90% and a net margin of 11.95%. During the same quarter in the prior year, the firm posted $1.41 EPS. On average, equities research analysts anticipate that Suncor Energy will post 3.42 EPS for the current 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 issued a $0.4133 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.19%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio (DPR) is 47.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its stake in shares of Suncor Energy by 250.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 19,811 shares of the oil and gas producer’s stock valued at $759,000 after purchasing an additional 14,163 shares during the period. Sei Investments Co. raised its stake in Suncor Energy by 2.5% during the fourth quarter. Sei Investments Co. now owns 444,201 shares of the oil and gas producer’s stock valued at $15,849,000 after buying an additional 10,852 shares during the last quarter. Principal Financial Group Inc. raised its stake in Suncor Energy by 65.0% during the first quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer’s stock valued at $620,136,000 after buying an additional 6,311,513 shares during the last quarter. Inscription Capital LLC purchased a new position in Suncor Energy during the first quarter valued at $247,000. Finally, Vident Advisory LLC raised its stake in Suncor Energy by 967.9% during the fourth quarter. Vident Advisory LLC now owns 519,112 shares of the oil and gas producer’s stock valued at $18,522,000 after buying an additional 470,500 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

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.