Suncor Energy Inc. (NYSE:SU) Given Average Recommendation of “Buy” by Analysts
Suncor Energy Inc. (NYSE:SU) has earned an average rating of “Buy” from the seventeen analysts that are covering the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $39.39.
A number of analysts have weighed in on SU shares. Vetr lowered shares of Suncor Energy from a “strong-buy” rating to a “buy” rating and set a $31.93 target price on the stock. in a research report on Tuesday, June 7th. TD Securities restated a “buy” rating and issued a $41.00 target price on shares of Suncor Energy in a research report on Thursday, July 28th. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, July 13th. Citigroup Inc. upgraded shares of Suncor Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $40.00 to $44.00 in a research report on Thursday, June 23rd. Finally, Bank of America Corp. initiated coverage on shares of Suncor Energy in a report on Friday, August 19th. They set a “buy” rating and a $33.00 price target on the stock.
Suncor Energy (NYSE:SU) traded down 0.29% during mid-day trading on Tuesday, hitting $27.60. 971,878 shares of the company were exchanged. The company’s market capitalization is $45.94 billion. Suncor Energy has a 12-month low of $18.71 and a 12-month high of $30.70. The company’s 50-day moving average is $27.27 and its 200 day moving average is $27.37.
Suncor Energy (NYSE:SU) last issued its earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.15. Suncor Energy had a negative net margin of 11.29% and a negative return on equity of 1.59%. During the same quarter last year, the business posted $0.63 earnings per share. Analysts expect that Suncor Energy will post ($0.34) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th were paid a $0.2194 dividend. This represents a $0.88 annualized dividend and a yield of 3.17%. The ex-dividend date was Thursday, September 1st. Suncor Energy’s dividend payout ratio (DPR) is currently -60.54%.
A number of large investors have recently bought and sold shares of SU. IFP Advisors Inc increased its stake in Suncor Energy by 29.2% in the first quarter. IFP Advisors Inc now owns 6,470 shares of the company’s stock valued at $180,000 after buying an additional 1,462 shares during the last quarter. Ngam Advisors L.P. increased its stake in Suncor Energy by 35.1% in the first quarter. Ngam Advisors L.P. now owns 77,258 shares of the company’s stock valued at $2,149,000 after buying an additional 20,068 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in Suncor Energy during the first quarter valued at approximately $221,000. Mckinley Capital Management LLC Delaware increased its stake in Suncor Energy by 16.3% in the first quarter. Mckinley Capital Management LLC Delaware now owns 189,805 shares of the company’s stock valued at $6,865,000 after buying an additional 26,536 shares during the last quarter. Finally, Botty Investors LLC acquired a new stake in Suncor Energy during the first quarter valued at approximately $358,000. 64.08% of the stock is owned by hedge funds and other institutional investors.
About Suncor Energy
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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