Suncor Energy Inc. (NYSE:SU) Receives $71.67 Average PT from Analysts

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have received a consensus rating of “Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $71.6667.

Several research firms recently issued reports on SU. Desjardins upgraded shares of Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. The Goldman Sachs Group downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Friday, June 5th. Wall Street Zen lowered shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Zacks Research upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th.

Suncor Energy Price Performance

NYSE:SU opened at $65.99 on Thursday. Suncor Energy has a one year low of $37.76 and a one year high of $70.29. The stock has a market cap of $77.92 billion, a PE ratio of 17.32, a P/E/G ratio of 0.50 and a beta of 0.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42. The stock has a 50 day moving average price of $60.59 and a 200 day moving average price of $60.30.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The company had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same period last year, the business earned $1.31 earnings per share. Equities research analysts expect that Suncor Energy will post 7.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Suncor Energy

Institutional investors have recently made changes to their positions in the stock. Everett Harris & Co. CA acquired a new position in shares of Suncor Energy in the 2nd quarter worth approximately $358,000. Summit Global Investments acquired a new position in Suncor Energy during the 2nd quarter worth about $281,000. Bryn Mawr Trust Advisors LLC purchased a new position in Suncor Energy during the 2nd quarter valued at about $240,000. Hardy Reed LLC acquired a new position in Suncor Energy in the 2nd quarter valued at about $295,000. Finally, Dockside LLC purchased a new stake in Suncor Energy during the second quarter worth about $2,439,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.