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

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $55.83.

SU has been the topic of several research reports. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday. Wolfe Research initiated coverage on shares of Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 target price on the stock. Finally, Scotiabank dropped their target price on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th.

Suncor Energy Trading Up 0.3 %

Shares of NYSE SU opened at $39.10 on Monday. The firm’s 50 day moving average price is $39.03 and its 200-day moving average price is $38.74. The company has a market cap of $50.11 billion, a PE ratio of 8.71, a P/E/G ratio of 2.69 and a beta of 1.12. Suncor Energy has a 52-week low of $29.45 and a 52-week high of $41.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.46.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.51. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, equities research analysts expect that Suncor Energy will post 3.71 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is presently 35.86%.

Institutional Trading of Suncor Energy

Several institutional investors and hedge funds have recently modified their holdings of SU. Richardson Financial Services Inc. bought a new stake in shares of Suncor Energy during the 4th quarter valued at $25,000. Trust Co. of Vermont bought a new stake in shares of Suncor Energy during the 2nd quarter valued at $26,000. Summit Securities Group LLC bought a new stake in shares of Suncor Energy during the 2nd quarter valued at $27,000. Ridgewood Investments LLC bought a new stake in shares of Suncor Energy during the 2nd quarter valued at $29,000. Finally, Adirondack Trust Co. raised its position in shares of Suncor Energy by 45.6% during the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 313 shares during the period. 67.37% of the stock is currently owned by institutional investors.

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.