Suncor Energy Inc. (NYSE:SU) Receives $36.29 Consensus Price Target from Brokerages

Suncor Energy Inc. (NYSE:SU) (TSE:SU) has received an average rating of “Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $37.33.

Several research firms have issued reports on SU. ValuEngine upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, July 23rd. Credit Suisse Group restated a “buy” rating on shares of Suncor Energy in a research report on Thursday. Wells Fargo & Co restated a “buy” rating on shares of Suncor Energy in a research report on Friday, July 24th. Scotiabank upgraded Suncor Energy from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, June 11th. Finally, Raymond James restated a “buy” rating on shares of Suncor Energy in a research report on Wednesday, May 6th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC grew its stake in shares of Suncor Energy by 28.6% during the second quarter. Valeo Financial Advisors LLC now owns 3,077 shares of the oil and gas producer’s stock valued at $52,000 after buying an additional 685 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Suncor Energy by 16.4% during the first quarter. First Horizon Advisors Inc. now owns 4,958 shares of the oil and gas producer’s stock valued at $78,000 after buying an additional 700 shares during the last quarter. Creative Planning grew its stake in shares of Suncor Energy by 4.7% during the second quarter. Creative Planning now owns 19,736 shares of the oil and gas producer’s stock valued at $333,000 after buying an additional 881 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Suncor Energy by 2.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 36,866 shares of the oil and gas producer’s stock valued at $582,000 after buying an additional 938 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its stake in shares of Suncor Energy by 6.0% during the first quarter. WASHINGTON TRUST Co now owns 20,224 shares of the oil and gas producer’s stock valued at $319,000 after buying an additional 1,137 shares during the last quarter. 66.12% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy stock opened at $15.76 on Tuesday. Suncor Energy has a 12 month low of $9.60 and a 12 month high of $34.56. The company has a current ratio of 1.02, a quick ratio of 0.63 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $17.00 and its 200 day simple moving average is $20.52. The company has a market cap of $24.04 billion, a price-to-earnings ratio of -5.95 and a beta of 1.42.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, July 22nd. The oil and gas producer reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.54). Suncor Energy had a negative net margin of 17.17% and a positive return on equity of 0.44%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $4.07 billion. As a group, equities research analysts forecast that Suncor Energy will post -0.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.1565 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, September 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.15. Suncor Energy’s dividend payout ratio is currently 28.77%.

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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Analyst Recommendations for Suncor Energy (NYSE:SU)

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