Brokerages Set Suncor Energy Inc. (NYSE:SU) PT at $52.00

Suncor Energy Inc. (NYSE:SU) (TSE:SU) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $52.00.

SU has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SU. Johnson Financial Group Inc. acquired a new stake in Suncor Energy in the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new stake in Suncor Energy in the 4th quarter worth approximately $25,000. Arlington Trust Co LLC acquired a new stake in Suncor Energy in the 3rd quarter worth approximately $29,000. Optiver Holding B.V. acquired a new stake in Suncor Energy in the 3rd quarter worth approximately $29,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Suncor Energy by 43.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

NYSE:SU opened at $39.43 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. Suncor Energy has a 1 year low of $27.59 and a 1 year high of $39.63. The stock’s 50 day simple moving average is $36.44 and its two-hundred day simple moving average is $33.90. The company has a market cap of $50.76 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 3.46 and a beta of 1.13.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.13. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same quarter in the previous year, the company posted $1.33 EPS. As a group, equities analysts anticipate that Suncor Energy will post 3.78 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were given a $0.406 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.12%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s payout ratio is presently 34.26%.

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.