Suncor Energy Inc. (NYSE:SU) Receives $58.00 Consensus PT from Analysts

Suncor Energy Inc. (NYSE:SU) (TSE:SU) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $58.00.

A number of research analysts have recently issued reports on SU shares. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Finally, StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Forum Financial Management LP lifted its position in Suncor Energy by 72.0% in the 4th quarter. Forum Financial Management LP now owns 9,618 shares of the oil and gas producer’s stock valued at $343,000 after acquiring an additional 4,026 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Suncor Energy in the fourth quarter worth approximately $423,000. Pacific Point Advisors LLC bought a new position in shares of Suncor Energy in the fourth quarter valued at approximately $276,000. Fourth Dimension Wealth LLC purchased a new position in shares of Suncor Energy during the fourth quarter valued at approximately $78,000. Finally, Vise Technologies Inc. grew its holdings in Suncor Energy by 67.1% during the fourth quarter. Vise Technologies Inc. now owns 56,673 shares of the oil and gas producer’s stock worth $2,022,000 after buying an additional 22,753 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Shares of SU stock opened at $40.19 on Friday. The stock has a market capitalization of $50.02 billion, a PE ratio of 11.65, a PEG ratio of 2.91 and a beta of 1.12. The business’s 50 day simple moving average is $37.89 and its 200 day simple moving average is $38.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy has a one year low of $32.64 and a one year high of $41.94.

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

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is 46.67%.

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.