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

Shares of Suncor Energy Inc. (NYSE:SUGet Free Report) (TSE:SU) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $52.00.

Separately, Morgan Stanley boosted their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, March 28th.

Get Our Latest Stock Analysis on Suncor Energy

Suncor Energy Stock Performance

Shares of SU opened at $38.52 on Thursday. Suncor Energy has a 1 year low of $27.59 and a 1 year high of $38.61. The company’s 50 day simple moving average is $34.22 and its 200 day simple moving average is $33.31. The company has a market capitalization of $49.62 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 3.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The company had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. During the same quarter in the prior year, the company posted $1.33 EPS. On average, sell-side analysts predict that Suncor Energy will post 3.58 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were issued a $0.406 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy’s dividend payout ratio is currently 34.26%.

Hedge Funds Weigh In On Suncor Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in Suncor Energy by 163.1% in the second quarter. Goldman Sachs Group Inc. now owns 16,402,041 shares of the oil and gas producer’s stock worth $480,908,000 after purchasing an additional 10,168,941 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Suncor Energy by 79.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 16,823,815 shares of the oil and gas producer’s stock worth $548,183,000 after purchasing an additional 7,438,559 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in Suncor Energy during the 1st quarter worth $199,877,000. TD Asset Management Inc lifted its stake in Suncor Energy by 16.8% in the fourth quarter. TD Asset Management Inc now owns 32,070,496 shares of the oil and gas producer’s stock valued at $1,032,453,000 after buying an additional 4,612,764 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Suncor Energy by 35.0% during the third quarter. Invesco Ltd. now owns 16,466,624 shares of the oil and gas producer’s stock valued at $566,123,000 after acquiring an additional 4,271,009 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Company Profile

(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.

Featured Stories

Analyst Recommendations for Suncor Energy (NYSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.