Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have received an average recommendation of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $48.50.

A number of brokerages recently commented on SU. Zacks Investment Research lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Mizuho began coverage on Suncor Energy in a research note on Monday, July 23rd. They set a “buy” rating for the company. CIBC began coverage on Suncor Energy in a research note on Friday, October 5th. They set a “sector outperform” rating for the company. Macquarie raised Suncor Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 9th. Finally, JPMorgan Chase & Co. lowered Suncor Energy from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 11th.

NYSE:SU opened at $32.53 on Friday. Suncor Energy has a 12-month low of $31.33 and a 12-month high of $42.55. The stock has a market cap of $54.41 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.59.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. Suncor Energy had a return on equity of 11.11% and a net margin of 12.66%. The company had revenue of $8.31 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same period in the prior year, the company earned $0.52 earnings per share. As a group, research analysts anticipate that Suncor Energy will post 2.6 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. bought a new stake in shares of Suncor Energy in the 2nd quarter valued at approximately $111,000. Howe & Rusling Inc. lifted its stake in shares of Suncor Energy by 80.2% in the 3rd quarter. Howe & Rusling Inc. now owns 3,314 shares of the oil and gas producer’s stock valued at $128,000 after purchasing an additional 1,475 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of Suncor Energy in the 3rd quarter valued at approximately $156,000. First Manhattan Co. lifted its stake in shares of Suncor Energy by 136.0% in the 2nd quarter. First Manhattan Co. now owns 4,000 shares of the oil and gas producer’s stock valued at $162,000 after purchasing an additional 2,305 shares during the last quarter. Finally, Hirtle Callaghan & Co LLC bought a new stake in shares of Suncor Energy in the 2nd quarter valued at approximately $163,000. 65.98% of the stock is owned by institutional investors.

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.

Further Reading: Price to Earnings Ratio (PE)

Analyst Recommendations for Suncor Energy (NYSE:SU)

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