Raymond James restated their buy rating on shares of Suncor Energy (NYSE:SU) (TSE:SU) in a research note published on Friday morning.
A number of other research firms have also weighed in on SU. Mizuho initiated coverage on Suncor Energy in a research note on Monday, July 23rd. They issued a buy rating for the company. GARP Research raised Suncor Energy from a neutral rating to a buy rating in a research note on Monday, October 22nd. AltaCorp Capital raised Suncor Energy from a sector perform rating to an outperform rating in a research note on Wednesday, October 17th. Zacks Investment Research raised Suncor Energy from a hold rating to a buy rating and set a $45.00 target price for the company in a research note on Saturday, July 7th. Finally, Macquarie raised Suncor Energy from a neutral rating to an outperform rating in a research note on Tuesday, October 9th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $49.17.
SU opened at $34.06 on Friday. Suncor Energy has a 12-month low of $31.33 and a 12-month high of $42.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.59. The stock has a market capitalization of $54.28 billion, a PE ratio of 22.56, a PEG ratio of 1.43 and a beta of 0.98.
Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. Suncor Energy had a return on equity of 11.11% and a net margin of 12.66%. The company had revenue of $8.31 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the previous year, the company posted $0.52 EPS. As a group, equities research analysts expect that Suncor Energy will post 2.59 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SU. Bessemer Group Inc. purchased a new position in shares of Suncor Energy during the 2nd quarter worth approximately $111,000. Hirtle Callaghan & Co LLC purchased a new position in shares of Suncor Energy during the 2nd quarter worth approximately $163,000. First Manhattan Co. grew its holdings in shares of Suncor Energy by 136.0% during the 2nd quarter. First Manhattan Co. now owns 4,000 shares of the oil and gas producer’s stock worth $162,000 after acquiring an additional 2,305 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of Suncor Energy during the 3rd quarter worth approximately $187,000. Finally, Greenwich Investment Management Inc. purchased a new position in shares of Suncor Energy during the 2nd quarter worth approximately $201,000. 66.01% of the stock is owned by institutional investors and hedge funds.
Suncor Energy Company Profile
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.
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