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

Shares of Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU have been given an average recommendation of "Moderate Buy" by the eight analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $56.40.

Several research analysts have recently commented on SU shares. BMO Capital Markets upgraded shares of Suncor Energy from a "market perform" rating to an "outperform" rating in a research note on Wednesday, August 7th. TD Securities raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Desjardins upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th.

Suncor Energy Stock Down 0.7 %

Shares of SU traded down $0.26 during midday trading on Tuesday, reaching $38.97. 6,500,641 shares of the stock were exchanged, compared to its average volume of 4,312,216. The company has a market cap of $49.03 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 2.59 and a beta of 1.11. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Suncor Energy has a 12-month low of $29.45 and a 12-month high of $41.94. The firm has a 50 day simple moving average of $39.16 and a 200-day simple moving average of $38.85.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.4089 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.20%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is currently 35.29%.

Institutional Investors Weigh In On Suncor Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Investment Group LTD. grew its holdings in shares of Suncor Energy by 0.8% during the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer's stock worth $1,222,000 after purchasing an additional 262 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Suncor Energy by 6.1% in the second quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer's stock valued at $186,000 after purchasing an additional 281 shares during the last quarter. Blue Trust Inc. lifted its stake in Suncor Energy by 11.0% in the second quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer's stock valued at $121,000 after buying an additional 325 shares during the period. Richardson Financial Services Inc. boosted its holdings in Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock worth $28,000 after buying an additional 328 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of Suncor Energy by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer's stock worth $276,000 after buying an additional 354 shares during the period. Institutional investors own 67.37% of the company's stock.

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.