Suncor Energy Inc. (NYSE:SU) (TSE:SU) has earned a consensus recommendation of “Buy” from the eighteen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $49.41.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Gerdau from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. GMP Securities reissued a “hold” rating and set a $48.00 target price on shares of Suncor Energy in a research report on Tuesday, May 7th. Raymond James reissued a “buy” rating and set a $21.00 target price on shares of Colfax in a research report on Thursday, May 2nd. ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Finally, Mizuho set a $208.00 target price on shares of Amgen and gave the stock a “buy” rating in a research report on Monday, April 22nd.
Several hedge funds have recently bought and sold shares of SU. Halsey Associates Inc. CT boosted its stake in Suncor Energy by 6.4% during the fourth quarter. Halsey Associates Inc. CT now owns 19,930 shares of the oil and gas producer’s stock valued at $557,000 after buying an additional 1,200 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in shares of Suncor Energy by 6.8% during the 1st quarter. Princeton Global Asset Management LLC now owns 67,179 shares of the oil and gas producer’s stock worth $2,178,000 after purchasing an additional 4,277 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Suncor Energy during the 1st quarter worth about $58,000. Ellis Investment Partners LLC acquired a new stake in Suncor Energy in the 1st quarter valued at approximately $428,000. Finally, Guinness Asset Management Ltd grew its holdings in shares of Suncor Energy by 22.2% during the 1st quarter. Guinness Asset Management Ltd now owns 360,462 shares of the oil and gas producer’s stock worth $11,686,000 after purchasing an additional 65,500 shares in the last quarter. 65.18% of the stock is currently owned by institutional investors and hedge funds.
Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.38. Suncor Energy had a net margin of 10.03% and a return on equity of 10.06%. The business had revenue of $7.07 billion during the quarter, compared to analyst estimates of $7.06 billion. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, equities analysts expect that Suncor Energy will post 2.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.3121 per share. This represents a $1.25 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Monday, June 3rd. Suncor Energy’s dividend payout ratio (DPR) is currently 62.00%.
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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