Suncor Energy Inc. (NYSE:SU) (TSE:SU) – National Bank Financial raised their FY2019 earnings estimates for shares of Suncor Energy in a research note issued on Monday. National Bank Financial analyst T. Wood now expects that the oil and gas producer will post earnings of $2.50 per share for the year, up from their previous forecast of $2.49.

SU has been the subject of several other research reports. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Saturday, January 20th. AltaCorp Capital reiterated a “hold” rating and issued a $51.00 price objective on shares of Suncor Energy in a research note on Monday, January 15th. TD Securities lowered shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research note on Thursday, November 16th. Piper Jaffray Companies reiterated a “buy” rating and issued a $47.00 price objective on shares of Suncor Energy in a research note on Wednesday, January 24th. Finally, Edward Jones upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Suncor Energy has a consensus rating of “Buy” and a consensus price target of $46.67.

Suncor Energy (SU) traded up $0.54 on Wednesday, hitting $34.04. 3,102,894 shares of the company were exchanged, compared to its average volume of 3,463,755. The company has a quick ratio of 0.64, a current ratio of 1.00 and a debt-to-equity ratio of 0.29. Suncor Energy has a 12 month low of $27.96 and a 12 month high of $38.39. The firm has a market cap of $54,960.00, a price-to-earnings ratio of 15.79, a PEG ratio of 2.19 and a beta of 0.80.

Several institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in shares of Suncor Energy by 3.9% during the 2nd quarter. Advisory Services Network LLC now owns 6,470 shares of the oil and gas producer’s stock valued at $189,000 after acquiring an additional 245 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Suncor Energy by 13.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock valued at $136,000 after acquiring an additional 562 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Suncor Energy by 6.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,828 shares of the oil and gas producer’s stock valued at $905,000 after acquiring an additional 1,530 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Suncor Energy by 0.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 264,985 shares of the oil and gas producer’s stock valued at $7,422,000 after acquiring an additional 1,600 shares during the period. Finally, Guardian Capital Advisors LP grew its position in shares of Suncor Energy by 0.7% during the 3rd quarter. Guardian Capital Advisors LP now owns 239,915 shares of the oil and gas producer’s stock valued at $10,089,000 after acquiring an additional 1,766 shares during the period. 65.69% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be given a dividend of $0.286 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.25. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, March 2nd. Suncor Energy’s dividend payout ratio is currently 47.42%.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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