Macquarie downgraded shares of Suncor Energy (NYSE:SU) (TSE:SU) from an outperform rating to a neutral rating in a research note released on Tuesday, Marketbeat Ratings reports. Macquarie currently has $46.00 price target on the oil and gas producer’s stock.

SU has been the topic of several other research reports. Mizuho reiterated an average rating and issued a $52.00 target price on shares of Suncor Energy in a research report on Monday. Canaccord Genuity set a $65.00 target price on shares of Suncor Energy and gave the company a buy rating in a research report on Tuesday, November 20th. Zacks Investment Research reiterated a hold rating on shares of Suncor Energy in a research report on Friday, November 16th. Raymond James reiterated a buy rating on shares of Suncor Energy in a research report on Friday, November 2nd. Finally, GARP Research upgraded shares of Suncor Energy from a neutral rating to a buy rating in a research report on Monday, October 22nd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Suncor Energy has a consensus rating of Buy and an average price target of $51.00.

SU stock opened at $30.77 on Tuesday. The firm has a market cap of $51.96 billion, a P/E ratio of 20.38, a PEG ratio of 1.48 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.59 and a debt-to-equity ratio of 0.29. Suncor Energy has a one year low of $30.57 and a one year high of $42.55.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.25. The company had revenue of $8.31 billion for the quarter, compared to analyst estimates of $9.29 billion. Suncor Energy had a net margin of 12.66% and a return on equity of 11.11%. During the same quarter last year, the business earned $0.52 earnings per share. Research analysts predict that Suncor Energy will post 2.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 24th. Stockholders of record on Monday, December 3rd will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, November 30th. Suncor Energy’s dividend payout ratio is currently 71.52%.

Several large investors have recently bought and sold shares of SU. Janney Montgomery Scott LLC lifted its stake in shares of Suncor Energy by 127.4% in the second quarter. Janney Montgomery Scott LLC now owns 47,332 shares of the oil and gas producer’s stock worth $1,925,000 after buying an additional 26,514 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Suncor Energy in the second quarter worth about $111,000. Eqis Capital Management Inc. purchased a new position in shares of Suncor Energy in the second quarter worth about $491,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Suncor Energy by 23.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 71,447 shares of the oil and gas producer’s stock worth $2,907,000 after buying an additional 13,424 shares in the last quarter. Finally, First Manhattan Co. lifted its stake in shares of Suncor Energy by 136.0% in the second quarter. First Manhattan Co. now owns 4,000 shares of the oil and gas producer’s stock worth $162,000 after buying an additional 2,305 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

About Suncor Energy

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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Analyst Recommendations for Suncor Energy (NYSE:SU)

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