Suncor Energy (NYSE:SU) Price Target Raised to C$47.00

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) had its price objective lifted by Royal Bank of Canada from C$42.00 to C$47.00 in a report issued on Wednesday, The Fly reports.

SU has been the topic of several other research reports. StockNews.com started coverage on shares of Suncor Energy in a research note on Thursday, March 31st. They set a buy rating on the stock. Tudor, Pickering, Holt & Co. lowered shares of Suncor Energy from a buy rating to a hold rating in a research note on Friday, February 4th. CIBC increased their price target on shares of Suncor Energy from C$50.00 to C$60.00 in a research note on Thursday, April 14th. Tudor Pickering lowered shares of Suncor Energy from a buy rating to a hold rating and set a $42.00 price target on the stock. in a research note on Friday, February 4th. Finally, Scotiabank increased their price target on shares of Suncor Energy from C$45.00 to C$46.00 in a research note on Monday, April 18th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $45.86.

Shares of NYSE:SU opened at $36.34 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.66 and a current ratio of 1.18. The company has a market cap of $51.42 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35. Suncor Energy has a 52 week low of $17.10 and a 52 week high of $37.93. The firm has a 50 day simple moving average of $33.34 and a 200 day simple moving average of $29.09.

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) last issued its quarterly earnings results on Monday, May 9th. The oil and gas producer reported $1.52 EPS for the quarter, beating the consensus estimate of $1.31 by $0.21. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $9.18 billion. Suncor Energy had a net margin of 14.18% and a return on equity of 14.68%. On average, equities analysts predict that Suncor Energy will post 5.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 3rd will be given a $0.3623 dividend. This represents a $1.45 annualized dividend and a yield of 3.99%. The ex-dividend date is Thursday, June 2nd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.33. Suncor Energy’s dividend payout ratio (DPR) is presently 38.89%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Investors Research Corp lifted its position in Suncor Energy by 1.6% in the 1st quarter. Investors Research Corp now owns 18,577 shares of the oil and gas producer’s stock worth $605,000 after buying an additional 300 shares during the last quarter. Tyler Stone Wealth Management lifted its position in Suncor Energy by 1.5% in the 1st quarter. Tyler Stone Wealth Management now owns 20,387 shares of the oil and gas producer’s stock worth $664,000 after buying an additional 301 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Suncor Energy by 7.2% in the 1st quarter. Quadrant Capital Group LLC now owns 4,794 shares of the oil and gas producer’s stock worth $157,000 after buying an additional 323 shares during the last quarter. Eagle Global Advisors LLC lifted its position in Suncor Energy by 0.3% in the 1st quarter. Eagle Global Advisors LLC now owns 119,893 shares of the oil and gas producer’s stock worth $3,902,000 after buying an additional 404 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC lifted its position in Suncor Energy by 60.7% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,165 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 58.48% of the company’s stock.

About Suncor Energy (Get Rating)

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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

Featured Stories

The Fly logo

Analyst Recommendations for Suncor Energy (NYSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.