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

Suncor Energy Inc. (NYSE:SU) (TSE:SU) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $67.00.

A number of analysts have commented on the company. Scotiabank raised Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 17th.

Institutional Trading of Suncor Energy

Large investors have recently modified their holdings of the company. Maseco LLP bought a new stake in Suncor Energy during the second quarter valued at about $32,000. CHICAGO TRUST Co NA grew its holdings in Suncor Energy by 23.6% during the second quarter. CHICAGO TRUST Co NA now owns 14,630 shares of the oil and gas producer’s stock valued at $548,000 after purchasing an additional 2,797 shares during the period. Park Avenue Securities LLC grew its holdings in Suncor Energy by 15.1% during the second quarter. Park Avenue Securities LLC now owns 36,295 shares of the oil and gas producer’s stock valued at $1,359,000 after purchasing an additional 4,752 shares during the period. Mitchell & Pahl Private Wealth LLC grew its holdings in Suncor Energy by 4.3% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 24,343 shares of the oil and gas producer’s stock valued at $912,000 after purchasing an additional 1,000 shares during the period. Finally, Canoe Financial LP bought a new stake in Suncor Energy during the second quarter valued at about $9,653,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 1.0%

Shares of NYSE:SU opened at $39.43 on Wednesday. The stock has a fifty day simple moving average of $37.45 and a two-hundred day simple moving average of $37.21. The stock has a market capitalization of $48.21 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 3.46 and a beta of 0.80. Suncor Energy has a 12-month low of $30.79 and a 12-month high of $41.95. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $13.39 billion. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. During the same quarter in the previous year, the business earned $1.41 earnings per share. On average, research 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 disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a $0.4133 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.19%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is presently 47.84%.

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.