Several other research analysts also recently commented on the stock. CIBC lifted their target price on shares of Suncor Energy from C$50.00 to C$60.00 in a report on Thursday, April 14th. The Goldman Sachs Group upped their target price on shares of Suncor Energy from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 20th. Raymond James upped their target price on shares of Suncor Energy from C$50.00 to C$52.00 in a research note on Tuesday, May 10th. Royal Bank of Canada upped their target price on shares of Suncor Energy from C$42.00 to C$47.00 in a research note on Wednesday, May 11th. Finally, BMO Capital Markets upped their target price on shares of Suncor Energy from C$48.00 to C$54.00 in a research note on Wednesday, May 11th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy presently has a consensus rating of “Buy” and a consensus target price of $47.47.
Suncor Energy stock traded up $0.35 during mid-day trading on Wednesday, hitting $42.32. The company’s stock had a trading volume of 274,323 shares, compared to its average volume of 7,926,231. The stock’s fifty day moving average price is $36.01 and its two-hundred day moving average price is $30.76. The stock has a market capitalization of $59.88 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.59 and a beta of 1.34. Suncor Energy has a twelve month low of $17.10 and a twelve month high of $42.23. The company has a quick ratio of 0.75, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.
Several institutional investors and hedge funds have recently modified their holdings of the company. Carolinas Wealth Consulting LLC increased its position in Suncor Energy by 60.7% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 1,165 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 440 shares during the period. EverSource Wealth Advisors LLC bought a new position in Suncor Energy during the fourth quarter worth about $33,000. Herold Advisors Inc. bought a new position in Suncor Energy during the first quarter worth about $33,000. Fortis Advisors LLC bought a new position in Suncor Energy during the first quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Suncor Energy in the 4th quarter valued at about $44,000. 58.48% of the stock is currently owned by institutional investors.
About Suncor Energy (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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