Analysts Set Suncor Energy Inc. (NYSE:SU) Target Price at $52.00

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $52.00.

A number of research firms have recently commented on SU. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Morgan Stanley boosted their price target on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th.

Institutional Investors Weigh In On Suncor Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Johnson Financial Group Inc. bought a new stake in shares of Suncor Energy during the 4th quarter valued at about $25,000. Richardson Financial Services Inc. bought a new stake in shares of Suncor Energy during the 4th quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in shares of Suncor Energy during the 3rd quarter valued at about $29,000. Optiver Holding B.V. bought a new stake in shares of Suncor Energy during the 3rd quarter valued at about $29,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Suncor Energy by 43.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 313 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Performance

SU opened at $39.27 on Monday. The business has a fifty day simple moving average of $36.19 and a 200 day simple moving average of $33.82. The company has a market capitalization of $50.54 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 3.44 and a beta of 1.13. Suncor Energy has a 1 year low of $27.59 and a 1 year high of $39.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same period in the prior year, the company posted $1.33 EPS. Research analysts expect that Suncor Energy will post 3.78 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.406 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 annualized dividend and a dividend yield of 4.14%. Suncor Energy’s dividend payout ratio is presently 34.04%.

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.