Suncor Energy Inc. (NYSE:SU) (TSE:SU) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 8,290,000 shares, a drop of 10.5% from the December 15th total of 9,260,000 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 2,930,000 shares, the days-to-cover ratio is presently 2.8 days.

Suncor Energy stock traded up $0.46 during trading on Tuesday, reaching $34.48. 3,951,965 shares of the company’s stock were exchanged, compared to its average volume of 4,054,079. Suncor Energy has a 52-week low of $27.28 and a 52-week high of $34.87. The firm has a market cap of $52.29 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.45 and a beta of 1.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.96. The company’s 50-day moving average is $32.44 and its two-hundred day moving average is $30.88.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $8.02 billion. Suncor Energy had a return on equity of 9.24% and a net margin of 12.87%. Analysts anticipate that Suncor Energy will post 2.64 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a $0.319 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Monday, December 2nd. Suncor Energy’s payout ratio is 63.00%.

Several hedge funds have recently bought and sold shares of SU. Invesco Ltd. boosted its holdings in Suncor Energy by 38.9% in the 2nd quarter. Invesco Ltd. now owns 45,009,227 shares of the oil and gas producer’s stock worth $1,402,487,000 after acquiring an additional 12,616,590 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Suncor Energy by 69.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 27,155,100 shares of the oil and gas producer’s stock worth $857,559,000 after buying an additional 11,142,227 shares during the period. Beutel Goodman & Co Ltd. lifted its holdings in Suncor Energy by 205.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 13,042,524 shares of the oil and gas producer’s stock worth $411,456,000 after buying an additional 8,773,910 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Suncor Energy by 330.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,664,157 shares of the oil and gas producer’s stock worth $83,125,000 after buying an additional 2,045,647 shares in the last quarter. Finally, National Pension Service purchased a new position in Suncor Energy in the 2nd quarter valued at about $78,789,000. Institutional investors and hedge funds own 65.13% of the company’s stock.

Several equities research analysts have commented on the company. CIBC set a $53.00 price target on Suncor Energy and gave the stock a “buy” rating in a research note on Friday, October 11th. Royal Bank of Canada restated a “buy” rating and issued a $47.00 price objective on shares of Suncor Energy in a report on Monday, January 6th. Raymond James set a $48.00 price objective on Suncor Energy and gave the company a “buy” rating in a research note on Saturday, November 2nd. National Bank Financial cut Suncor Energy from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Tuesday, October 1st. Finally, ValuEngine raised shares of Suncor Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $44.92.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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