Suncor Energy Inc. (NYSE:SU) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Suncor Energy Inc. (NYSE:SU – Get Rating) (TSE:SU) have received a consensus rating of “Buy” from the nineteen analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $42.92.

A number of research firms have commented on SU. National Bank Financial raised their target price on Suncor Energy from C$52.00 to C$54.00 in a report on Thursday. Wells Fargo & Company raised their target price on Suncor Energy from $42.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, March 11th. Tudor Pickering downgraded Suncor Energy from a “buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research note on Friday, February 4th. TheStreet raised Suncor Energy from a “c” rating to a “b-” rating in a research note on Tuesday, February 8th. Finally, CIBC lifted their price target on Suncor Energy from C$50.00 to C$60.00 in a research note on Thursday.

Suncor Energy stock opened at $33.76 on Friday. Suncor Energy has a one year low of $17.10 and a one year high of $34.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 1.06. The business has a fifty day moving average of $31.24 and a two-hundred day moving average of $27.29. The company has a market cap of $48.32 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54.

Suncor Energy (NYSE:SU – Get Rating) (TSE:SU) last released its earnings results on Wednesday, February 2nd. The oil and gas producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). Suncor Energy had a net margin of 10.53% and a return on equity of 10.44%. The business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8 billion. During the same period last year, the business posted ($0.07) EPS. Sell-side analysts predict that Suncor Energy will post 3.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 4th were issued a $0.3311 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $1.32 annualized dividend and a yield of 3.92%. Suncor Energy’s payout ratio is 59.91%.

A number of institutional investors and hedge funds have recently bought and sold shares of SU. Arrowstreet Capital Limited Partnership grew its holdings in Suncor Energy by 8,710.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,880,833 shares of the oil and gas producer’s stock valued at $184,046,000 after buying an additional 8,780,033 shares during the period. Toronto Dominion Bank grew its holdings in Suncor Energy by 61.2% in the 3rd quarter. Toronto Dominion Bank now owns 15,016,437 shares of the oil and gas producer’s stock valued at $311,323,000 after buying an additional 5,699,989 shares during the period. Soroban Capital Partners LP purchased a new stake in Suncor Energy in the 4th quarter valued at about $110,774,000. Point72 Asset Management L.P. grew its holdings in Suncor Energy by 251.4% in the 4th quarter. Point72 Asset Management L.P. now owns 5,821,706 shares of the oil and gas producer’s stock valued at $145,731,000 after buying an additional 4,165,006 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Suncor Energy by 25.3% in the 4th quarter. CIBC Asset Management Inc now owns 15,438,157 shares of the oil and gas producer’s stock valued at $386,014,000 after buying an additional 3,115,081 shares during the period. Institutional investors own 59.48% of the company’s stock.

Suncor Energy Company Profile (Get Rating)

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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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