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

Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU has received a consensus recommendation of "Moderate Buy" from the thirteen analysts that are covering the firm, MarketBeat Ratings 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 target price among brokers that have issued a report on the stock in the last year is $58.00.

SU has been the topic of several recent research reports. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Bank of America assumed coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Finally, Desjardins upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SU. HHM Wealth Advisors LLC grew its position in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in Suncor Energy during the fourth quarter valued at approximately $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC purchased a new position in Suncor Energy during the fourth quarter valued at approximately $39,000. Finally, Covestor Ltd grew its position in Suncor Energy by 30.5% during the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 256 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Up 0.9 %

Shares of NYSE:SU opened at $35.71 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy has a 1-year low of $33.81 and a 1-year high of $41.95. The company's fifty day moving average is $38.29 and its two-hundred day moving average is $38.31. The stock has a market capitalization of $44.18 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

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Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Equities analysts anticipate that Suncor Energy will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is currently 45.51%.

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.

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