Suncor Energy Inc. (NYSE:SU) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $65.00.

Several analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 target price on shares of Suncor Energy in a research note on Friday, October 3rd. Raymond James Financial raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a research report on Wednesday. Zacks Research lowered shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company started coverage on Suncor Energy in a research note on Friday, October 17th. They issued an “equal weight” rating for the company.

Suncor Energy Stock Performance

Shares of SU stock opened at $44.30 on Friday. The stock has a market capitalization of $53.44 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 3.52 and a beta of 0.75. Suncor Energy has a one year low of $30.79 and a one year high of $45.60. The company’s 50-day simple moving average is $41.46 and its 200-day simple moving average is $39.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.22. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The firm had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the company earned $1.48 earnings per share. Equities analysts anticipate that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be paid a $0.60 dividend. The ex-dividend date is Wednesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $2.40 annualized dividend and a dividend yield of 5.4%. Suncor Energy’s dividend payout ratio (DPR) is 55.74%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SU. Richardson Financial Services Inc. increased its stake in Suncor Energy by 64.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 275 shares during the period. Hanson & Doremus Investment Management boosted its holdings in shares of Suncor Energy by 143.5% in the third quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 465 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Suncor Energy by 95.8% during the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 388 shares during the period. Headlands Technologies LLC acquired a new position in shares of Suncor Energy during the second quarter valued at approximately $31,000. Finally, Maseco LLP bought a new stake in Suncor Energy during the second quarter worth approximately $32,000. 67.37% of the stock is owned by institutional investors and hedge funds.

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.