Suncor Energy (NYSE:SU) Reaches New 12-Month Low – Time to Sell?

Suncor Energy Inc. (NYSE:SU) (TSE:SU)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $30.79 and last traded at $34.23, with a volume of 12685361 shares trading hands. The stock had previously closed at $31.54.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SU shares. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday. Bank of America initiated coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a “neutral” rating on the stock. Finally, Scotiabank upgraded Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Trading Up 8.5 %

The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market cap of $42.35 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The business has a 50 day moving average of $37.40 and a 200 day moving average of $38.04.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.66%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

Hedge Funds Weigh In On Suncor Energy

Several large investors have recently added to or reduced their stakes in SU. HHM Wealth Advisors LLC raised its holdings in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy in the fourth quarter valued at about $35,000. Lee Danner & Bass Inc. acquired a new stake in shares of Suncor Energy in the fourth quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy in the fourth quarter valued at about $39,000. Finally, Covestor Ltd grew its stake in shares of Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 256 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Company Profile

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.