Suncor Energy Inc. (NYSE:SU) (TSE:SU)‘s stock had its “outperform” rating restated by BMO Capital Markets in a research note issued to investors on Monday. They currently have a $50.00 target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 57.73% from the stock’s current price.

Other research analysts have also issued research reports about the stock. TD Securities reissued a “buy” rating and issued a $45.00 price target (up previously from $44.00) on shares of Suncor Energy in a research report on Thursday, October 27th. Zacks Investment Research raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Friday, November 4th. Barclays PLC reaffirmed an “overweight” rating and set a $52.00 price objective (up previously from $50.00) on shares of Suncor Energy in a report on Saturday, October 29th. Nomura reaffirmed a “buy” rating on shares of Suncor Energy in a report on Monday, September 26th. Finally, Scotiabank reissued an “outperform” rating and issued a $44.00 price target (up previously from $40.00) on shares of Suncor Energy in a report on Saturday, October 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Suncor Energy currently has a consensus rating of “Buy” and a consensus price target of $41.15.

Analyst Recommendations for Suncor Energy (NYSE:SU)

Suncor Energy (NYSE:SU) opened at 31.70 on Monday. Suncor Energy has a 12 month low of $18.71 and a 12 month high of $32.19. The stock’s 50 day moving average price is $29.50 and its 200 day moving average price is $27.80. The firm’s market capitalization is $52.78 billion.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 2nd will be paid a dividend of $0.216 per share. This represents a $0.86 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, November 30th. Suncor Energy’s dividend payout ratio is presently -81.65%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lincoln National Corp increased its stake in Suncor Energy by 0.3% in the third quarter. Lincoln National Corp now owns 24,726 shares of the company’s stock worth $687,000 after buying an additional 86 shares during the period. First Allied Advisory Services Inc. increased its position in Suncor Energy by 1.3% in the second quarter. First Allied Advisory Services Inc. now owns 7,676 shares of the company’s stock valued at $208,000 after buying an additional 101 shares during the last quarter. MSI Financial Services Inc increased its position in Suncor Energy by 3.2% in the third quarter. MSI Financial Services Inc now owns 4,504 shares of the company’s stock valued at $125,000 after buying an additional 139 shares during the last quarter. Advisory Services Network LLC increased its position in Suncor Energy by 1.7% in the third quarter. Advisory Services Network LLC now owns 8,412 shares of the company’s stock valued at $234,000 after buying an additional 142 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its position in Suncor Energy by 1.7% in the second quarter. Morningstar Investment Services LLC now owns 8,846 shares of the company’s stock valued at $250,000 after buying an additional 152 shares during the last quarter. 64.30% of the stock is currently owned by hedge funds and other institutional investors.

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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.

5 Day Chart for NYSE:SU

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