Suncor Energy Inc. (NYSE:SU) (TSE:SU) has earned a consensus recommendation of “Buy” from the eighteen analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.41.
Several research firms have recently issued reports on SU. BMO Capital Markets reissued a “buy” rating on shares of Suncor Energy in a research note on Monday, June 24th. Mizuho reaffirmed an “average” rating and set a $52.00 target price on shares of Suncor Energy in a research note on Monday, April 22nd. GMP Securities reaffirmed a “hold” rating and set a $48.00 target price on shares of Suncor Energy in a research note on Tuesday, May 7th. Raymond James reaffirmed a “buy” rating on shares of Suncor Energy in a research note on Thursday, May 2nd. Finally, ValuEngine cut Suncor Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Suncor Energy during the first quarter valued at $31,000. Lindbrook Capital LLC lifted its holdings in shares of Suncor Energy by 65.5% during the first quarter. Lindbrook Capital LLC now owns 1,064 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 421 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of Suncor Energy by 121.7% during the first quarter. Cornerstone Advisors Inc. now owns 1,095 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 601 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Suncor Energy during the first quarter valued at $38,000. Finally, Trustcore Financial Services LLC purchased a new stake in shares of Suncor Energy during the first quarter valued at $39,000. 65.15% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:SU traded up $0.06 on Tuesday, hitting $28.67. The company’s stock had a trading volume of 677,069 shares, compared to its average volume of 4,030,839. Suncor Energy has a 12 month low of $25.81 and a 12 month high of $42.16. The firm has a market capitalization of $44.51 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08. The company’s 50-day moving average price is $30.47. The company has a quick ratio of 0.63, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.321 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.48%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, September 3rd. Suncor Energy’s dividend payout ratio is currently 62.00%.
Suncor Energy Company Profile
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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