Suncor Energy Inc. (SU) – What Are Researchers Thinking About This Stock?

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have been given an average recommendation of “Buy” by the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $79.62.

A number of equities analysts have commented on the company. Scotiabank raised Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Wall Street Zen raised Suncor Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Weiss Ratings upgraded shares of Suncor Energy from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Finally, Morgan Stanley set a $106.00 target price on shares of Suncor Energy in a report on Wednesday, August 19th.

Institutional Investors Weigh In On Suncor Energy

Several institutional investors have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC lifted its holdings in shares of Suncor Energy by 1.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 10,239 shares of the oil and gas producer’s stock valued at $695,000 after buying an additional 166 shares during the period. Formidable Asset Management LLC raised its position in Suncor Energy by 1.1% during the first quarter. Formidable Asset Management LLC now owns 16,004 shares of the oil and gas producer’s stock valued at $1,058,000 after acquiring an additional 171 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in Suncor Energy by 0.8% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 24,278 shares of the oil and gas producer’s stock valued at $1,605,000 after acquiring an additional 190 shares in the last quarter. DGS Capital Management LLC lifted its holdings in Suncor Energy by 3.2% in the fourth quarter. DGS Capital Management LLC now owns 6,149 shares of the oil and gas producer’s stock valued at $273,000 after acquiring an additional 193 shares during the period. Finally, Sage Investment Counsel LLC lifted its holdings in Suncor Energy by 2.4% in the first quarter. Sage Investment Counsel LLC now owns 8,600 shares of the oil and gas producer’s stock valued at $569,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.4%

NYSE SU opened at $78.39 on Tuesday. Suncor Energy has a 1-year low of $37.76 and a 1-year high of $79.65. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $68.89 and a 200-day moving average of $64.86. The firm has a market cap of $91.69 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.51 and a beta of 0.36.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.19. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%. The company had revenue of $13.41 billion during the quarter, compared to analysts’ expectations of $11.68 billion. During the same period in the prior year, the business posted $0.71 EPS. As a group, sell-side analysts forecast that Suncor Energy will post 8.12 EPS for the current year.

Suncor Energy Dividend Announcement

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

Suncor Energy Company Profile

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.