StockNews.com upgraded shares of Suncor Energy (NYSE:SU - Free Report) TSE: SU from a hold rating to a buy rating in a research note published on Saturday.
Several other brokerages also recently commented on SU. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Bank of America began coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Morgan Stanley lowered Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Finally, Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $58.00.
View Our Latest Stock Report on SU
Suncor Energy Price Performance
Shares of SU stock traded up $0.03 during trading hours on Friday, reaching $38.44. The company's stock had a trading volume of 3,054,094 shares, compared to its average volume of 4,212,116. Suncor Energy has a fifty-two week low of $33.81 and a fifty-two week high of $41.95. The firm's 50 day simple moving average is $38.20 and its 200-day simple moving average is $38.14. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $47.56 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.94 and a beta of 1.11.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released 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 return on equity of 15.37% and a net margin of 11.80%. Sell-side analysts forecast that Suncor Energy will post 3.42 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 issued a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.15%. Suncor Energy's payout ratio is 45.51%.
Institutional Trading of Suncor Energy
A number of large investors have recently bought and sold shares of SU. Advisors Asset Management Inc. grew its stake in Suncor Energy by 10.0% during the third quarter. Advisors Asset Management Inc. now owns 46,229 shares of the oil and gas producer's stock worth $1,707,000 after purchasing an additional 4,193 shares during the period. King Luther Capital Management Corp increased its stake in shares of Suncor Energy by 3.2% in the 3rd quarter. King Luther Capital Management Corp now owns 37,290 shares of the oil and gas producer's stock valued at $1,377,000 after acquiring an additional 1,147 shares in the last quarter. Banco Santander S.A. acquired a new position in shares of Suncor Energy during the 3rd quarter valued at $750,000. Charles Schwab Investment Management Inc. boosted its stake in Suncor Energy by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,357,656 shares of the oil and gas producer's stock worth $161,006,000 after acquiring an additional 169,916 shares in the last quarter. Finally, Raymond James Trust N.A. grew its holdings in Suncor Energy by 4.0% in the third quarter. Raymond James Trust N.A. now owns 22,508 shares of the oil and gas producer's stock worth $831,000 after purchasing an additional 867 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.
Suncor Energy Company Profile
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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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