Suncor Energy Inc. (SU) – What Are Analysts Saying About This Stock?

by · The Cerbat Gem

Shares of Suncor Energy Inc. (NYSE:SU – Get Free Report) (TSE:SU) have been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $79.62.

Several equities analysts have weighed in on SU shares. Wall Street Zen raised shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday. Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Suncor Energy from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Desjardins upgraded shares of Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Finally, Morgan Stanley set a $106.00 price objective on shares of Suncor Energy in a research report on Wednesday, August 19th.

Get Our Latest Analysis on SU

Suncor Energy Trading Up 2.9%

Shares of NYSE:SU opened at $77.80 on Tuesday. The stock has a 50 day moving average of $68.57 and a 200 day moving average of $64.78. The company has a market cap of $90.99 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.51 and a beta of 0.36. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. Suncor Energy has a 12-month low of $37.76 and a 12-month high of $79.65.

Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last released its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.19. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The company had revenue of $13.41 billion during the quarter, compared to analyst estimates of $11.68 billion. During the same period in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts expect that Suncor Energy will post 8.12 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a C$0.60 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.40 annualized dividend and a yield of 3.1%. Suncor Energy’s dividend payout ratio is currently 31.86%.

Institutional Investors Weigh In On Suncor Energy

A number of institutional investors have recently bought and sold shares of SU. Frank Rimerman Advisors LLC lifted its position in shares of Suncor Energy by 6.0% in the third quarter. Frank Rimerman Advisors LLC now owns 21,103 shares of the oil and gas producer’s stock valued at $1,432,000 after acquiring an additional 1,194 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Suncor Energy in the third quarter worth about $437,000. Cardinal Capital Management Inc. boosted its stake in shares of Suncor Energy by 101.0% in the third quarter. Cardinal Capital Management Inc. now owns 6,331,336 shares of the oil and gas producer’s stock worth $430,430,000 after acquiring an additional 3,181,648 shares during the period. Triasima Portfolio Management inc. grew its position in shares of Suncor Energy by 43.4% during the third quarter. Triasima Portfolio Management inc. now owns 58,466 shares of the oil and gas producer’s stock worth $3,974,000 after purchasing an additional 17,681 shares in the last quarter. Finally, Ninety One UK Ltd grew its position in shares of Suncor Energy by 29.9% during the third quarter. Ninety One UK Ltd now owns 851,994 shares of the oil and gas producer’s stock worth $57,910,000 after purchasing an additional 195,952 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

About Suncor Energy

(Get Free Report)

Suncor Energy Inc is an integrated energy company headquartered in Calgary, Alberta, Canada. Its operations span the energy value chain, including the development, production, upgrading, refining, and marketing of crude oil and petroleum products.

The company is one of Canada’s major oil sands producers, with interests in mining and in situ oil sands projects. Suncor produces bitumen and synthetic crude oil and also has conventional oil and offshore production interests. Its upstream portfolio includes operated and non-operated assets in Canada.

Through its downstream operations, Suncor refines crude oil into gasoline, diesel, jet fuel, asphalt, and other petroleum products.

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