Suncor Energy Sees Unusually High Options Volume (NYSE:SU)

Suncor Energy Inc. (NYSE:SU) (TSE:SU) saw unusually large options trading activity on Wednesday. Stock investors bought 28,315 put options on the company. This represents an increase of approximately 2,998% compared to the typical daily volume of 914 put options.

Analyst Ratings Changes

Several analysts have weighed in on SU shares. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th. Scotiabank cut their price objective on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Wolfe Research began coverage on Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 target price on the stock. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Finally, TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Trust Co. of Toledo NA OH lifted its position in shares of Suncor Energy by 9.2% in the third quarter. Trust Co. of Toledo NA OH now owns 20,096 shares of the oil and gas producer’s stock valued at $742,000 after acquiring an additional 1,690 shares in the last quarter. Mattson Financial Services LLC purchased a new stake in shares of Suncor Energy in the second quarter worth approximately $82,000. Sanctuary Advisors LLC purchased a new stake in Suncor Energy in the second quarter worth $2,448,000. Cetera Investment Advisers increased its stake in Suncor Energy by 8.2% in the 2nd quarter. Cetera Investment Advisers now owns 92,292 shares of the oil and gas producer’s stock worth $3,516,000 after buying an additional 7,015 shares during the period. Finally, Chase Investment Counsel Corp raised its stake in shares of Suncor Energy by 7.2% during the second quarter. Chase Investment Counsel Corp now owns 12,666 shares of the oil and gas producer’s stock valued at $482,000 after acquiring an additional 852 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.4 %

Shares of NYSE:SU opened at $38.66 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. Suncor Energy has a 1 year low of $29.45 and a 1 year high of $41.94. The company has a market cap of $49.12 billion, a P/E ratio of 8.61, a PEG ratio of 2.48 and a beta of 1.13. The stock’s fifty day moving average price is $38.74 and its 200-day moving average price is $38.49.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.51. The firm had revenue of $12.90 billion during the quarter, compared to analyst estimates of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Sell-side analysts expect that Suncor Energy will post 3.71 earnings per share for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s payout ratio is currently 36.08%.

Suncor Energy Company Profile

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.