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

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $58.00.

A number of research firms have recently issued reports on SU. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a “neutral” rating on the stock. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Finally, Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Suncor Energy by 121.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 249,870 shares of the oil and gas producer’s stock valued at $8,915,000 after buying an additional 137,266 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new position in shares of Suncor Energy in the 4th quarter valued at $1,500,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Suncor Energy in the 4th quarter valued at $316,000. Polar Asset Management Partners Inc. purchased a new stake in Suncor Energy in the 4th quarter valued at $1,962,000. Finally, Forum Financial Management LP raised 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 purchasing an additional 4,026 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of SU stock opened at $37.68 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The firm’s 50-day moving average is $38.30 and its two-hundred day moving average is $38.20. Suncor Energy has a 12 month low of $33.81 and a 12 month high of $41.95. The company has a market capitalization of $46.61 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping 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%. Analysts predict that Suncor Energy will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

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.