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

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $52.00.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SU. Johnson Financial Group Inc. purchased a new position in shares of Suncor Energy during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. purchased a new position in shares of Suncor Energy during the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC purchased a new position in shares of Suncor Energy during the third quarter valued at approximately $29,000. Optiver Holding B.V. purchased a new position in shares of Suncor Energy during the third quarter valued at approximately $29,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Suncor Energy by 43.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 313 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

NYSE SU opened at $39.27 on Monday. The business’s fifty day moving average price is $36.19 and its 200-day moving average price is $33.82. The stock has a market capitalization of $50.54 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 3.44 and a beta of 1.13. 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 has a 1-year low of $27.59 and a 1-year high of $39.34.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.13. The firm had revenue of $10.39 billion for the quarter, compared to analysts’ expectations 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 firm earned $1.33 EPS. On average, equities analysts predict that Suncor Energy will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were given a $0.406 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 4.14%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s dividend payout ratio (DPR) is currently 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.