Suncor Energy Inc. (SU) Sees Unusually-High Trading Volume
Suncor Energy Inc. (NYSE:SU) saw strong trading volume on Wednesday . 3,865,799 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 3,157,558 shares.The stock last traded at $27.14 and had previously closed at $27.82.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, July 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $51.00 target price on shares of Suncor Energy in a research report on Saturday, June 25th. Raymond James Financial Inc. reiterated an “outperform” rating on shares of Suncor Energy in a research report on Thursday, May 19th. Vetr downgraded Suncor Energy from a “strong-buy” rating to a “buy” rating and set a $31.93 price objective on the stock. in a research report on Tuesday, June 7th. Finally, Citigroup Inc. upgraded Suncor Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $40.00 to $44.00 in a research report on Thursday, June 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $38.19.
The firm’s market cap is $45.12 billion. The firm has a 50 day moving average of $27.54 and a 200 day moving average of $27.10.
Suncor Energy (NYSE:SU) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.15. During the same quarter in the previous year, the company posted $0.63 earnings per share. Analysts anticipate that Suncor Energy Inc. will post ($0.34) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th will be paid a $0.2194 dividend. The ex-dividend date is Thursday, September 1st. This represents a $0.88 dividend on an annualized basis and a yield of 3.24%.
A hedge fund recently bought a new stake in Suncor Energy stock. Trexquant Investment LP acquired a new position in shares of Suncor Energy Inc. (NYSE:SU) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 44,004 shares of the company’s stock, valued at approximately $1,135,000.
Suncor Energy Inc (Suncor) is an 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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