Suncor Energy Inc. (NYSE:SU) (TSE:SU) has been given a consensus recommendation of “Buy” by the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $46.83.
A number of research analysts have recently commented on SU shares. AltaCorp Capital restated a “hold” rating and issued a $51.00 price target on shares of Suncor Energy in a report on Monday, January 15th. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Saturday, January 20th. Piper Jaffray restated a “buy” rating and issued a $47.00 price target on shares of Suncor Energy in a report on Wednesday, January 24th. JPMorgan Chase upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Finally, TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, February 9th.
Institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC bought a new position in Suncor Energy during the 4th quarter worth about $100,000. Cerebellum GP LLC bought a new position in Suncor Energy during the 4th quarter worth about $134,000. IFG Advisory LLC bought a new position in Suncor Energy during the 4th quarter worth about $371,000. Avestar Capital LLC bought a new position in Suncor Energy during the 4th quarter worth about $148,000. Finally, Icon Wealth Partners LLC bought a new position in Suncor Energy during the 4th quarter worth about $181,000. Institutional investors own 65.62% of the company’s stock.
SU stock traded down $0.05 during mid-day trading on Friday, reaching $36.11. 4,571,217 shares of the stock traded hands, compared to its average volume of 3,445,509. The company has a quick ratio of 0.64, a current ratio of 1.00 and a debt-to-equity ratio of 0.29. Suncor Energy has a one year low of $27.96 and a one year high of $38.39. The stock has a market capitalization of $59,263.68, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 2.54 and a beta of 0.82.
Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. Suncor Energy had a net margin of 13.93% and a return on equity of 7.15%. The business had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.43 billion. equities research analysts expect that Suncor Energy will post 1.67 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 5th were issued a dividend of $0.286 per share. This represents a $1.14 annualized dividend and a yield of 3.17%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 2nd. Suncor Energy’s dividend payout ratio is presently 76.16%.
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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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