Suncor Energy Inc. (NYSE:SU) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are covering the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.39.
A number of equities research analysts recently issued reports on SU shares. Bank of America Corp. started coverage on shares of Suncor Energy in a research note on Friday, August 19th. They issued a “buy” rating and a $33.00 price target on the stock. Scotiabank reaffirmed an “outperform” rating and set a $38.00 target price on shares of Suncor Energy in a research note on Sunday, July 31st. Simmons lowered their target price on shares of Suncor Energy from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 5th. RBC Capital Markets reaffirmed an “outperform” rating and set a $42.00 target price on shares of Suncor Energy in a research note on Sunday, October 2nd. Finally, Zacks Investment Research cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 8th.
Shares of Suncor Energy (NYSE:SU) opened at 27.76 on Tuesday. The company’s market capitalization is $46.21 billion. Suncor Energy has a 52 week low of $18.71 and a 52 week high of $30.70. The stock has a 50 day moving average of $27.19 and a 200-day moving average of $27.38.
Suncor Energy (NYSE:SU) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.15. Suncor Energy had a negative net margin of 11.29% and a negative return on equity of 1.59%. During the same quarter last year, the firm posted $0.63 earnings per share. On average, analysts anticipate that Suncor Energy will post ($0.35) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Tuesday, September 6th were issued a $0.2194 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.88 annualized dividend and a yield of 3.16%. Suncor Energy’s dividend payout ratio (DPR) is currently -60.54%.
A number of hedge funds have recently modified their holdings of the stock. Ropes Wealth Advisors LLC raised its stake in shares of Suncor Energy by 15.6% in the first quarter. Ropes Wealth Advisors LLC now owns 6,088 shares of the company’s stock valued at $169,000 after buying an additional 820 shares during the period. Wunderlich Capital Managemnt raised its stake in shares of Suncor Energy by 1.6% in the first quarter. Wunderlich Capital Managemnt now owns 46,231 shares of the company’s stock valued at $1,286,000 after buying an additional 722 shares during the period. Burgundy Asset Management Ltd. bought a new stake in shares of Suncor Energy during the first quarter valued at about $212,274,000. Huntington Asset Advisors Inc. bought a new stake in shares of Suncor Energy during the first quarter valued at about $325,000. Finally, M&T Bank Corp raised its stake in shares of Suncor Energy by 36.8% in the first quarter. M&T Bank Corp now owns 1,458,894 shares of the company’s stock valued at $40,529,000 after buying an additional 392,591 shares during the period. Hedge funds and other institutional investors own 64.08% of the company’s stock.
Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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