Suncor Energy Inc. (NYSE:SU) Receives $59.20 Average PT from Brokerages

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $59.20.

A number of equities research analysts have issued reports on the stock. Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC grew its holdings in Suncor Energy by 32.3% in the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after purchasing an additional 20,081 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Suncor Energy by 86.0% in the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock worth $2,421,000 after buying an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC purchased a new position in Suncor Energy during the fourth quarter valued at $300,000. J.W. Cole Advisors Inc. bought a new stake in Suncor Energy in the fourth quarter worth $236,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Suncor Energy by 104.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock worth $110,017,000 after acquiring an additional 1,573,726 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Up 8.5 %

NYSE SU opened at $34.23 on Monday. The stock has a 50-day moving average of $37.40 and a 200-day moving average of $38.04. 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 1-year low of $30.79 and a 1-year high of $41.95. The firm has a market cap of $42.35 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. As a group, sell-side analysts forecast that Suncor Energy will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

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.