Suncor Energy Inc. (NYSE:SU – Get Free Report) (TSE:SU) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 15,870,000 shares, a decrease of 18.7% from the March 31st total of 19,530,000 shares. Based on an average daily volume of 4,350,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.2% of the company’s stock are sold short.
Suncor Energy Stock Performance
NYSE:SU traded up $0.29 during mid-day trading on Monday, hitting $39.70. 2,245,786 shares of the company’s stock traded hands, compared to its average volume of 4,242,836. Suncor Energy has a 12 month low of $27.59 and a 12 month high of $39.73. The firm has a market capitalization of $51.10 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 3.47 and a beta of 1.13. The firm has a 50 day moving average of $36.58 and a two-hundred day moving average of $33.95. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26.
Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last announced its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. During the same quarter in the previous year, the firm posted $1.33 earnings per share. On average, equities analysts forecast that Suncor Energy will post 3.78 earnings per share for the current fiscal year.
Suncor Energy Increases Dividend
Institutional Trading of Suncor Energy
Institutional investors have recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in Suncor Energy in the fourth quarter valued at about $25,000. Richardson Financial Services Inc. acquired a new stake in Suncor Energy during the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new stake in shares of Suncor Energy in the 3rd quarter valued at approximately $29,000. Optiver Holding B.V. acquired a new position in shares of Suncor Energy in the 3rd quarter worth approximately $29,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Suncor Energy by 43.2% during 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 buying an additional 313 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.
Read Our Latest Stock Analysis on Suncor Energy
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.
Recommended Stories
- Five stocks we like better than Suncor Energy
- How to invest in blue chip stocks
- The 3 Hottest Insiders Buys This Month
- Canadian Penny Stocks: Can They Make You Rich?
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Microsoft Analysis: Trends, Predictions & Investment Insight
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.