Suncor Energy Inc. (SU) Receives Consensus Rating of “Buy” from Analysts
Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have been assigned a consensus recommendation of “Buy” from the twenty brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $43.63.
Several research firms have commented on SU. Zacks Investment Research raised shares of Suncor Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub raised shares of Suncor Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. AltaCorp Capital lowered shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. Citigroup Inc. reaffirmed a “buy” rating on shares of Suncor Energy in a research report on Wednesday, August 2nd. Finally, Scotiabank lowered shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 9th.
Large investors have recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Suncor Energy by 7.1% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 70,599 shares of the oil and gas producer’s stock worth $2,161,000 after purchasing an additional 4,699 shares during the last quarter. BlackRock Inc. increased its position in shares of Suncor Energy by 11,547,276.0% during the 1st quarter. BlackRock Inc. now owns 23,556,647 shares of the oil and gas producer’s stock worth $724,366,000 after purchasing an additional 23,556,443 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of Suncor Energy by 0.7% during the 2nd quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock worth $516,000 after purchasing an additional 116 shares during the last quarter. Wharton Business Group LLC acquired a new stake in shares of Suncor Energy during the 2nd quarter worth about $765,000. Finally, Public Sector Pension investment Board increased its position in shares of Suncor Energy by 23.4% during the 2nd quarter. Public Sector Pension investment Board now owns 3,306,510 shares of the oil and gas producer’s stock worth $96,468,000 after purchasing an additional 627,900 shares during the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.
Suncor Energy (NYSE SU) traded down 0.94% during mid-day trading on Friday, reaching $34.67. 1,530,588 shares of the company’s stock were exchanged. Suncor Energy has a one year low of $27.67 and a one year high of $35.18. The firm has a market capitalization of $57.53 billion, a P/E ratio of 26.07 and a beta of 0.83. The company’s 50-day moving average is $33.18 and its 200 day moving average is $31.42.
The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.2552 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Thursday, August 31st. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.24. Suncor Energy ‘s payout ratio is currently 84.43%.
Suncor Energy Company Profile
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.
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 Analyst Ratings Network's FREE daily email newsletter.