Suncor Energy (NYSE:SU) (TSE:SU) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a report issued on Thursday, November 16th. They presently have a $50.00 price target on the oil and gas producer’s stock. TD Securities’ price target would suggest a potential upside of 45.14% from the company’s current price.
SU has been the topic of several other research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Suncor Energy in a research report on Thursday, October 26th. Wolfe Research raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, October 16th. Morgan Stanley boosted their price target on shares of 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 shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, BidaskClub lowered shares of Suncor Energy from a “hold” rating to a “sell” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $43.14.
Suncor Energy (NYSE SU) opened at $34.45 on Thursday. The stock has a market cap of $58,085.52, a PE ratio of 30.26, a PEG ratio of 3.27 and a beta of 0.85. Suncor Energy has a twelve month low of $27.96 and a twelve month high of $36.71. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.80 billion. sell-side analysts anticipate that Suncor Energy will post 1.26 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in Suncor Energy by 694.5% in the 1st quarter. Renaissance Technologies LLC now owns 258,540 shares of the oil and gas producer’s stock worth $7,945,000 after purchasing an additional 226,000 shares in the last quarter. Janus Capital Management LLC bought a new position in shares of Suncor Energy in the 1st quarter worth about $709,000. Gateway Investment Advisers LLC increased its stake in shares of Suncor Energy by 0.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock worth $516,000 after acquiring an additional 116 shares in the last quarter. Aperio Group LLC increased its stake in shares of Suncor Energy by 2.2% in the 2nd quarter. Aperio Group LLC now owns 263,966 shares of the oil and gas producer’s stock worth $7,708,000 after acquiring an additional 5,761 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Suncor Energy in the 2nd quarter worth about $1,258,000. Institutional investors own 65.61% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/12/05/suncor-energy-inc-su-downgraded-by-td-securities.html.
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.
Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.