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

Suncor Energy Inc. (NYSE:SU) (TSE:SU) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $58.00.

A number of equities research analysts have weighed in on the company. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Finally, Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

Suncor Energy Trading Down 1.1 %

NYSE SU opened at $39.53 on Friday. The stock has a market cap of $49.20 billion, a PE ratio of 11.46, a PEG ratio of 2.96 and a beta of 1.12. Suncor Energy has a 12 month low of $31.46 and a 12 month high of $41.94. The company’s 50-day moving average price is $37.73 and its 200-day moving average price is $38.60. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.33%. Equities research analysts forecast that Suncor Energy will post 3.25 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.04%. Suncor Energy’s payout ratio is 46.67%.

Hedge Funds Weigh In On Suncor Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of Suncor Energy in the 3rd quarter worth $25,000. HHM Wealth Advisors LLC raised its stake in Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in Suncor Energy in the fourth quarter worth about $35,000. Lee Danner & Bass Inc. purchased a new stake in shares of Suncor Energy during the fourth quarter worth about $36,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy during the fourth quarter valued at about $39,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

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.