Suncor Energy Inc. (NYSE:SU) Given Average Recommendation of "Moderate Buy" by Analysts

Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU has earned an average recommendation of "Moderate Buy" from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $58.00.

Several equities research analysts recently commented on SU shares. Morgan Stanley downgraded Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Friday, March 14th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Bank of America began coverage on Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company.

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Suncor Energy Stock Down 0.1 %

NYSE:SU traded down $0.04 during trading hours on Thursday, reaching $37.57. 3,072,119 shares of the company traded hands, compared to its average volume of 4,925,934. Suncor Energy has a 1 year low of $33.81 and a 1 year high of $41.94. The stock has a market capitalization of $46.48 billion, a P/E ratio of 10.89, a P/E/G ratio of 2.94 and a beta of 1.11. The business's 50-day moving average price is $38.29 and its two-hundred day moving average price is $38.18. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (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 15.37%. Analysts predict that Suncor Energy will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be paid a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.25%. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Suncor Energy by 121.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 249,870 shares of the oil and gas producer's stock valued at $8,915,000 after acquiring an additional 137,266 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new stake in Suncor Energy during the 4th quarter valued at approximately $1,500,000. Leigh Baldwin & CO. LLC purchased a new position in Suncor Energy in the 4th quarter worth approximately $316,000. Polar Asset Management Partners Inc. bought a new position in Suncor Energy in the 4th quarter worth approximately $1,962,000. Finally, Forum Financial Management LP grew its holdings in Suncor Energy by 72.0% during the 4th quarter. Forum Financial Management LP now owns 9,618 shares of the oil and gas producer's stock valued at $343,000 after buying an additional 4,026 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

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.