Suncor Energy (NYSE:SU) (TSE:SU)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank of Canada in a research note issued to investors on Monday, January 6th, AnalystRatings.com reports. They presently have a $47.00 price target on the oil and gas producer’s stock. Royal Bank of Canada’s price target points to a potential upside of 37.11% from the company’s current price.
A number of other research analysts also recently commented on SU. ValuEngine downgraded Suncor Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Raymond James set a $48.00 price target on Suncor Energy and gave the stock a “buy” rating in a research note on Saturday, November 2nd. CIBC set a $53.00 price target on Suncor Energy and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, National Bank Financial downgraded Suncor Energy from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.92.
Shares of Suncor Energy stock traded down $0.01 on Monday, reaching $34.28. 576,298 shares of the company were exchanged, compared to its average volume of 2,984,047. The stock has a fifty day moving average price of $32.49 and a 200-day moving average price of $30.90. The firm has a market capitalization of $53.00 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. The company has a current ratio of 0.96, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Suncor Energy has a fifty-two week low of $27.28 and a fifty-two week high of $34.87.
Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $7.50 billion for the quarter, compared to analyst estimates of $8.02 billion. Suncor Energy had a return on equity of 9.24% and a net margin of 12.87%. On average, equities analysts anticipate that Suncor Energy will post 2.64 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Ellevest Inc. bought a new position in Suncor Energy in the 2nd quarter valued at $37,000. Doyle Wealth Management acquired a new stake in shares of Suncor Energy in the 2nd quarter valued at about $38,000. Resources Investment Advisors LLC. raised its stake in shares of Suncor Energy by 33.3% in the 2nd quarter. Resources Investment Advisors LLC. now owns 1,600 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 400 shares during the period. First PREMIER Bank acquired a new stake in shares of Suncor Energy in the 3rd quarter valued at about $69,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Suncor Energy by 19.9% in the third quarter. Steward Partners Investment Advisory LLC now owns 2,963 shares of the oil and gas producer’s stock valued at $93,000 after acquiring an additional 491 shares during the last quarter. 65.13% of the stock is owned by institutional investors and hedge funds.
About Suncor Energy
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, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
Further Reading: Balanced Fund
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.