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

Suncor Energy Inc. (NYSE:SU) (TSE:SU) has been given a consensus recommendation of “Buy” by the nine analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong 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 $71.6667.

Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. Royal Bank Of Canada upped their target price on shares of Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Finally, Wall Street Zen downgraded Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc increased its holdings in shares of Suncor Energy by 418.9% during the second quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 398 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in Suncor Energy by 54.9% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 225 shares during the period. Headlands Technologies LLC acquired a new stake in Suncor Energy in the second quarter worth about $31,000. 1 North Wealth Services LLC bought a new position in Suncor Energy in the 4th quarter valued at about $32,000. Finally, Accent Capital Management LLC increased its stake in Suncor Energy by 37.5% during the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 225 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of NYSE SU opened at $58.51 on Friday. Suncor Energy has a 1-year low of $37.76 and a 1-year high of $70.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. The business’s fifty day moving average price is $61.76 and its two-hundred day moving average price is $58.03. The firm has a market capitalization of $69.08 billion, a PE ratio of 15.36 and a beta of 0.30.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $10.41 billion for the quarter, compared to analyst estimates of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same period last year, the firm posted $1.31 EPS. On average, research analysts expect that Suncor Energy will post 7.07 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 4.1%. Suncor Energy’s payout ratio is presently 45.67%.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.