Barclays PLC reissued their overweight rating on shares of Suncor Energy Inc. (NYSE:SU) in a report released on Monday. The firm currently has a $50.00 price objective on the stock, up from their previous price objective of $48.00.

Several other equities research analysts also recently weighed in on the stock. RBC Capital Markets reissued an outperform rating and set a $42.00 price target on shares of Suncor Energy in a research report on Sunday, October 2nd. Nomura reissued a buy rating on shares of Suncor Energy in a research report on Monday, September 26th. Bank of America Corp. assumed coverage on shares of Suncor Energy in a research report on Friday, August 19th. They set a buy rating and a $33.00 price target for the company. Zacks Investment Research downgraded shares of Suncor Energy from a buy rating to a hold rating in a research report on Monday, August 8th. Finally, Scotiabank reissued an outperform rating and set a $38.00 price target on shares of Suncor Energy in a research report on Sunday, July 31st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $39.16.

Analyst Recommendations for Suncor Energy (NYSE:SU)

Suncor Energy (NYSE:SU) traded down 0.60% during trading on Monday, reaching $28.23. The company had a trading volume of 771,492 shares. The firm’s market capitalization is $46.99 billion. The firm’s 50 day moving average price is $27.19 and its 200 day moving average price is $27.39. Suncor Energy has a 12-month low of $18.71 and a 12-month high of $30.70.

Suncor Energy (NYSE:SU) last announced its earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 in the prior year, the company posted $0.63 EPS. Equities research analysts forecast that Suncor Energy will post ($0.35) EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Tuesday, September 6th were issued a dividend of $0.2194 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.88 annualized dividend and a yield of 3.09%. Suncor Energy’s payout ratio is -60.54%.

A number of institutional investors have recently modified their holdings of SU. NWQ Investment Management Company LLC increased its position in shares of Suncor Energy by 0.6% in the first quarter. NWQ Investment Management Company LLC now owns 2,585,146 shares of the company’s stock valued at $71,893,000 after buying an additional 16,026 shares during the last quarter. AMF Pensionsforsakring AB increased its position in shares of Suncor Energy by 22.9% in the first quarter. AMF Pensionsforsakring AB now owns 1,156,387 shares of the company’s stock valued at $32,532,000 after buying an additional 215,128 shares during the last quarter. Aviva PLC increased its position in shares of Suncor Energy by 8.7% in the first quarter. Aviva PLC now owns 871,437 shares of the company’s stock valued at $24,304,000 after buying an additional 69,795 shares during the last quarter. Investec Asset Management LTD increased its position in shares of Suncor Energy by 9.1% in the first quarter. Investec Asset Management LTD now owns 1,202,423 shares of the company’s stock valued at $33,625,000 after buying an additional 100,020 shares during the last quarter. Finally, Ropes Wealth Advisors LLC increased its position in shares of Suncor Energy by 15.6% in the first quarter. Ropes Wealth Advisors LLC now owns 6,088 shares of the company’s stock valued at $169,000 after buying an additional 820 shares during the last quarter. Institutional investors own 64.08% of the company’s stock.

Suncor Energy Company Profile

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.

5 Day Chart for NYSE:SU

Receive News & Stock Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related stocks with our FREE daily email newsletter.