Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have earned a consensus rating of “Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $50.60.
Several brokerages have recently issued reports on SU. Zacks Investment Research lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. AltaCorp Capital lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Tuesday. Morgan Stanley boosted their price objective on Suncor Energy from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 23rd. UBS Group initiated coverage on Suncor Energy in a research report on Wednesday, March 7th. They set a “buy” rating on the stock. Finally, ValuEngine upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 6th.
Shares of Suncor Energy traded down $0.10, hitting $39.84, during midday trading on Thursday, according to MarketBeat. The company’s stock had a trading volume of 2,529,500 shares, compared to its average volume of 3,442,728. Suncor Energy has a one year low of $27.96 and a one year high of $41.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.55 and a current ratio of 0.89. The firm has a market cap of $67.79 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 1.69 and a beta of 0.82.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, May 1st. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Suncor Energy had a return on equity of 7.54% and a net margin of 11.85%. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.60 billion. research analysts forecast that Suncor Energy will post 2.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Monday, June 4th will be given a dividend of $0.2797 per share. The ex-dividend date is Friday, June 1st. This represents a $1.12 dividend on an annualized basis and a yield of 2.81%. Suncor Energy’s dividend payout ratio is currently 73.51%.
Hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC acquired a new position in Suncor Energy during the 4th quarter worth about $100,000. Avestar Capital LLC acquired a new position in Suncor Energy during the 4th quarter worth about $148,000. Gables Capital Management Inc. acquired a new position in Suncor Energy during the 1st quarter worth about $149,000. Signaturefd LLC acquired a new position in Suncor Energy during the 1st quarter worth about $152,000. Finally, Fortis Advisors LLC lifted its holdings in Suncor Energy by 164.7% during the 1st quarter. Fortis Advisors LLC now owns 4,500 shares of the oil and gas producer’s stock worth $155,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 65.42% of the company’s stock.
About Suncor Energy
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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