Shares of Suncor Energy Inc. (NYSE: SU) (TSE: SU) have an average “Buy” rating of the sixteen brokerages that currently cover the company, Marketbeat reports. Three equity research analysts rated the stock with a keep recommendation and twelve gave the company a buy recommendation. The one-year average price target among analysts who updated their stock coverage in the past year is $ 37.86.
Several brokerages have published reports on SU. Wells Fargo & Company raised its price target on Suncor Energy from $ 31.00 to $ 34.00 and gave the company an “equal weight” rating in a research note on Friday, October 29. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” to an “overweight” rating and raised its price target for the company from $ 29 to $ 39 in a research note on Thursday, October 28. National Bank Financial raised its price target for Suncor Energy from C $ 36.00 to C $ 39.00 and assigned the company a “sector performance” rating in a research note on Wednesday, September 29. Morgan Stanley resumed coverage of Suncor Energy in a research report on Thursday, October 7. They set an “overweight” rating and a price target of $ 38.00 for the stock. Finally, BMO Capital Markets increased its price target on Suncor Energy from C $ 39.00 to C $ 43.00 and rated the stock “outperform” in a research report on Friday, October 29.
A number of hedge funds and other institutional investors have recently changed their holdings in the company. Level Four Advisory Services LLC increased its stake in Suncor Energy shares by 3.1% during the second quarter. Level Four Advisory Services LLC now owns 17,840 shares of the oil and gas producer valued at $ 428,000 after acquiring 540 additional shares in the last quarter. Prospector Partners LLC increased its stake in shares of Suncor Energy by 0.5% in the second quarter. Prospector Partners LLC now owns 117,850 shares of the oil and gas producer valued at $ 2,825,000 after purchasing an additional 550 shares in the last quarter. RSM US Wealth Management LLC increased its holdings of Suncor Energy shares by 3.0% in the third quarter. RSM US Wealth Management LLC now owns 19,324 shares of the oil and gas producer valued at $ 401,000 after purchasing an additional 564 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in Suncor Energy shares by 3.1% in the third quarter. Cetera Advisor Networks LLC now owns 21,056 shares of the oil and gas producer valued at $ 437,000 after purchasing an additional 630 shares in the last quarter. Finally, Arden Trust Co increased its stake in Suncor Energy shares by 4.1% in the third quarter. Arden Trust Co now owns 23,083 shares of the oil and gas producer valued at $ 478,000 after purchasing an additional 912 shares in the last quarter. 60.35% of the shares are held by hedge funds and other institutional investors.
NYSE SU shares opened at $ 26.08 on Wednesday. The stock’s 50-day moving average price is $ 25.02, and its two-hundred-day moving average price is $ 22.39. Suncor Energy has a 52 week low of $ 16.40 and a 52 week high of $ 26.97. The stock has a market cap of $ 37.96 billion, a P / E ratio of 20.22, a PEG ratio of 3.71 and a beta of 1.70. The company has a quick ratio of 0.62, a current ratio of 0.98, and a debt ratio of 0.39.
Suncor Energy (NYSE: SU) (TSE: SU) last reported its quarterly results on Wednesday, October 27. The oil and gas producer reported earnings per share (EPS) of $ 0.56 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.58 ($ 0.02). Suncor Energy had a net margin of 7.02% and a return on equity of 6.67%. The company posted revenue of $ 8.11 billion for the quarter, compared to analysts’ estimates of $ 9.07 billion. On average, analysts predict Suncor Energy will post an EPS of 2.25 for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 24. Shareholders of record on Friday, December 3 received a dividend of $ 0.33 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $ 0.17. This represents a dividend of $ 1.32 on an annualized basis and a return of 5.06%. The ex-dividend date of this dividend was Thursday, December 2. Suncor Energy’s dividend payout ratio (PDR) is currently 101.55%.
About Suncor Energy
Suncor Energy, Inc is an integrated energy company that develops pools of petroleum resources. Its activities include oil sands development and upgrading, onshore and offshore oil and gas production, petroleum refining and product marketing. The company operates in the following business segments: Oil sands; Exploration and production; and Refining and Marketing.
Further Reading: What Does a Bar Graph Show?
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Suncor Energy now?
Before you consider Suncor Energy, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the market in general expands … and Suncor Energy was not on the list.
Although Suncor Energy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks to be better buys.
See the 5 actions here