Analysts Set Suncor Energy Inc. (NYSE:SU) Price Target at $55.83

by · The Cerbat Gem

Shares of Suncor Energy Inc. (NYSE:SU – Get Free Report) (TSE:SU) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $55.83.

A number of equities analysts have recently issued reports on the company. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Wolfe Research started coverage on shares of Suncor Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price target on the stock. Finally, Scotiabank dropped their price objective on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, July 12th.

Read Our Latest Research Report on SU

Institutional Trading of Suncor Energy

Several institutional investors and hedge funds have recently modified their holdings of SU. V Square Quantitative Management LLC bought a new stake in shares of Suncor Energy during the 4th quarter valued at $38,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Suncor Energy in the 4th quarter valued at $2,804,000. Syon Capital LLC grew its stake in shares of Suncor Energy by 92.3% during the fourth quarter. Syon Capital LLC now owns 21,724 shares of the oil and gas producer’s stock valued at $696,000 after buying an additional 10,427 shares during the last quarter. Richardson Financial Services Inc. bought a new position in Suncor Energy during the 4th quarter worth approximately $25,000. Finally, Fisher Asset Management LLC increased its stake in shares of Suncor Energy by 38.4% in the fourth quarter. Fisher Asset Management LLC now owns 7,479 shares of the oil and gas producer’s stock worth $240,000 after buying an additional 2,076 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

Shares of SU stock opened at $39.11 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. The firm has a market cap of $49.34 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.69 and a beta of 1.12. Suncor Energy has a 1-year low of $29.45 and a 1-year high of $41.94. The firm has a fifty day moving average of $39.03 and a two-hundred day moving average of $38.73.

Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last released its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, beating the consensus estimate of $0.76 by $0.51. The firm had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. As a group, research analysts anticipate that Suncor Energy will post 3.71 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.395 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.58 annualized dividend and a dividend yield of 4.04%. Suncor Energy’s payout ratio is 37.59%.

About Suncor Energy

(Get Free Report

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.

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