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

Suncor Energy Inc. (NYSE:SU) (TSE:SU) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $80.25.

A number of research firms recently issued reports on SU. Zacks Research cut Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Morgan Stanley set a $106.00 price target on shares of Suncor Energy in a research note on Wednesday. Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Desjardins raised shares of Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a report on Friday, June 5th.

Suncor Energy Stock Up 0.1%

Shares of Suncor Energy stock opened at $68.46 on Monday. Suncor Energy has a 1 year low of $37.76 and a 1 year high of $70.29. The business has a 50-day moving average of $61.02 and a two-hundred day moving average of $61.67. The company has a market capitalization of $80.83 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 0.49 and a beta of 0.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.19. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%.The business had revenue of $13.41 billion for the quarter, compared to analysts’ expectations of $11.68 billion. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, equities analysts predict that Suncor Energy will post 7.39 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, September 4th. Suncor Energy’s dividend payout ratio is 32.04%.

Institutional Trading of Suncor Energy

A number of institutional investors have recently modified their holdings of SU. HB Wealth Management LLC grew its position in Suncor Energy by 1.1% in the second quarter. HB Wealth Management LLC now owns 18,316 shares of the oil and gas producer’s stock valued at $983,000 after purchasing an additional 203 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in Suncor Energy during the 2nd quarter worth about $253,000. Syon Capital LLC lifted its position in Suncor Energy by 4.0% during the 2nd quarter. Syon Capital LLC now owns 22,560 shares of the oil and gas producer’s stock worth $1,211,000 after buying an additional 864 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Suncor Energy by 2.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 11,657,514 shares of the oil and gas producer’s stock worth $625,497,000 after buying an additional 239,208 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Suncor Energy by 33.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,102 shares of the oil and gas producer’s stock worth $220,000 after buying an additional 1,022 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

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.