Analysts Set Suncor Energy Inc. (NYSE:SU) PT at $65.00

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $65.00.

SU has been the subject of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 price target on shares of Suncor Energy in a research note on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Suncor Energy in a research note on Saturday, September 27th.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $41.36 on Friday. The firm has a market cap of $50.00 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 3.35 and a beta of 0.78. Suncor Energy has a 1 year low of $30.79 and a 1 year high of $43.48. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $40.59 and a 200 day simple moving average of $38.17.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $11.56 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. As a group, sell-side analysts predict that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were issued a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a yield of 4.0%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, September 4th. Suncor Energy’s dividend payout ratio is 51.08%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Suncor Energy by 2,380.2% during the first quarter. GAMMA Investing LLC now owns 6,002 shares of the oil and gas producer’s stock worth $232,000 after purchasing an additional 5,760 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Suncor Energy by 14.1% during the 1st quarter. Merit Financial Group LLC now owns 9,429 shares of the oil and gas producer’s stock worth $365,000 after buying an additional 1,165 shares during the period. Park Avenue Securities LLC grew its stake in Suncor Energy by 59.3% in the 1st quarter. Park Avenue Securities LLC now owns 31,543 shares of the oil and gas producer’s stock valued at $1,221,000 after buying an additional 11,745 shares during the last quarter. CHICAGO TRUST Co NA raised its holdings in Suncor Energy by 17.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 11,833 shares of the oil and gas producer’s stock worth $458,000 after acquiring an additional 1,765 shares during the period. Finally, Fortitude Family Office LLC bought a new position in Suncor Energy in the 1st quarter worth $102,000. Institutional investors and hedge funds 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.