Canaccord Genuity reissued their buy rating on shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in a report published on Thursday, October 26th. They currently have a $51.00 price objective on the oil and gas producer’s stock.
Other analysts have also recently issued reports about the company. Wolfe Research upgraded Suncor Energy from a market perform rating to an outperform rating in a research report on Monday, October 16th. Morgan Stanley upped their price target on Suncor Energy from $48.00 to $52.00 and gave the company an overweight rating in a research report on Friday, October 13th. Zacks Investment Research lowered Suncor Energy from a buy rating to a hold rating in a research note on Thursday, October 12th. BidaskClub lowered Suncor Energy from a hold rating to a sell rating in a research note on Friday, August 18th. Finally, Citigroup Inc. reaffirmed a buy rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $43.86.
Suncor Energy (NYSE SU) traded up $0.29 on Thursday, reaching $36.42. The company had a trading volume of 3,287,200 shares, compared to its average volume of 3,812,130. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The firm has a market cap of $60,269.93, a price-to-earnings ratio of 31.40, a P/E/G ratio of 3.34 and a beta of 0.85. Suncor Energy has a 12-month low of $27.96 and a 12-month high of $36.48.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.15. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.80 billion. Suncor Energy had a return on equity of 5.68% and a net margin of 11.63%. research analysts expect that Suncor Energy will post 1.28 EPS for the current year.
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Large investors have recently added to or reduced their stakes in the stock. First Personal Financial Services lifted its holdings in Suncor Energy by 144.1% during the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after purchasing an additional 2,270 shares during the last quarter. Forward Management LLC bought a new position in Suncor Energy during the 3rd quarter worth $154,000. UBS Asset Management Americas Inc. increased its stake in Suncor Energy by 13.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after acquiring an additional 562 shares during the period. Quadrant Capital Group LLC increased its stake in Suncor Energy by 90.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock worth $124,000 after acquiring an additional 2,248 shares during the period. Finally, Howland Capital Management LLC bought a new position in Suncor Energy during the 3rd quarter worth $201,000. 64.07% of the stock is owned by institutional investors and hedge funds.
Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based 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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