Suncor Energy Inc. (SU) Sees Significant Growth in Short Interest

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Suncor Energy Inc. (NYSE:SU) (TSE:SU) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 11,368,247 shares, an increase of 46.1% from the February 15th total of 7,779,731 shares. Based on an average daily volume of 3,302,475 shares, the short-interest ratio is presently 3.4 days.

NYSE:SU opened at $33.76 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.54 and a current ratio of 0.84. Suncor Energy has a one year low of $25.81 and a one year high of $42.55. The company has a market cap of $53.51 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.17.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, February 5th. The oil and gas producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.11). Suncor Energy had a return on equity of 9.50% and a net margin of 8.48%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $8.13 billion. On average, analysts expect that Suncor Energy will post 1.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 4th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, March 1st. This is an increase from Suncor Energy’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 3.79%. Suncor Energy’s dividend payout ratio (DPR) is currently 63.50%.

A number of equities research analysts have recently weighed in on the stock. TheStreet downgraded shares of Suncor Energy from a “b-” rating to a “c+” rating in a research note on Monday, February 11th. Zacks Investment Research downgraded shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. Macquarie upgraded shares of Suncor Energy from a “neutral” rating to an “outperform” rating and set a $33.30 price target on the stock in a research note on Thursday, February 7th. Morgan Stanley restated a “buy” rating on shares of Suncor Energy in a research note on Tuesday, January 29th. Finally, UBS Group restated a “buy” rating and issued a $49.00 price target on shares of Suncor Energy in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Suncor Energy presently has a consensus rating of “Buy” and a consensus price target of $49.12.

A number of large investors have recently bought and sold shares of SU. Capital International Investors boosted its position in Suncor Energy by 680.0% during the 3rd quarter. Capital International Investors now owns 35,098,879 shares of the oil and gas producer’s stock worth $1,358,140,000 after buying an additional 30,599,078 shares during the period. Norges Bank acquired a new stake in Suncor Energy during the 4th quarter worth approximately $467,575,000. Bank of New York Mellon Corp boosted its position in Suncor Energy by 19,812.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,430,116 shares of the oil and gas producer’s stock worth $326,160,000 after buying an additional 8,387,781 shares during the period. Mackenzie Financial Corp boosted its position in Suncor Energy by 71.0% during the 4th quarter. Mackenzie Financial Corp now owns 14,798,181 shares of the oil and gas producer’s stock worth $413,905,000 after buying an additional 6,144,568 shares during the period. Finally, PointState Capital LP boosted its position in Suncor Energy by 1,705.8% during the 3rd quarter. PointState Capital LP now owns 3,384,128 shares of the oil and gas producer’s stock worth $130,932,000 after buying an additional 3,196,728 shares during the period. Institutional investors and hedge funds own 65.11% of the company’s stock.

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Suncor Energy Company Profile

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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