Suncor Energy (NYSE:SU) Sees Unusually-High Trading Volume

Suncor Energy Inc. (NYSE:SUGet Rating) (TSE:SU) saw unusually-strong trading volume on Friday . Approximately 230,143 shares were traded during mid-day trading, a decline of 95% from the previous session’s volume of 4,408,571 shares.The stock last traded at $27.74 and had previously closed at $30.18.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group reissued an “outperform” rating and set a $63.00 price objective on shares of Suncor Energy in a report on Thursday, August 11th. Raymond James cut Suncor Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, July 11th. National Bank Financial dropped their target price on Suncor Energy from C$73.00 to C$64.00 in a research report on Monday, July 18th. Royal Bank of Canada raised shares of Suncor Energy from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, June 21st. Finally, Scotiabank upped their price objective on shares of Suncor Energy from C$46.00 to C$57.00 in a report on Wednesday, June 8th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of $51.38.

Suncor Energy Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.74 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $31.95 and a 200 day moving average price of $34.00. The stock has a market capitalization of $37.10 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 0.67 and a beta of 1.25.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, September 2nd will be given a $0.3656 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This is a boost from Suncor Energy’s previous quarterly dividend of $0.36. This represents a $1.46 dividend on an annualized basis and a dividend yield of 5.39%. Suncor Energy’s payout ratio is 27.66%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Carolinas Wealth Consulting LLC boosted its holdings in Suncor Energy by 60.7% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,165 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 440 shares during the last quarter. Herold Advisors Inc. purchased a new position in shares of Suncor Energy in the first quarter valued at approximately $33,000. Fortis Advisors LLC acquired a new stake in shares of Suncor Energy in the first quarter worth approximately $33,000. Ronald Blue Trust Inc. purchased a new stake in shares of Suncor Energy during the second quarter worth approximately $34,000. Finally, Corsicana & Co. purchased a new stake in shares of Suncor Energy during the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Suncor Energy Company Profile

(Get Rating)

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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

Featured Stories

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.