Suncor Energy (SU) Stock Rating Reaffirmed by AltaCorp Capital

AltaCorp Capital reaffirmed their hold rating on shares of Suncor Energy (NYSE:SU) (TSE:SU) in a report published on Monday. They currently have a $51.00 price objective on the oil and gas producer’s stock.

A number of other research analysts have also recently weighed in on the stock. Edward Jones upgraded shares of Suncor Energy from a hold rating to a buy rating in a research note on Monday, November 20th. Zacks Investment Research cut shares of Suncor Energy from a buy rating to a hold rating in a research note on Monday, November 20th. TD Securities cut shares of Suncor Energy from a buy rating to a hold rating and set a $50.00 target price on the stock. in a research note on Thursday, November 16th. Canaccord Genuity reiterated a buy rating and issued a $51.00 target price on shares of Suncor Energy in a research note on Thursday, October 26th. Finally, Wolfe Research upgraded shares of Suncor Energy from a market perform rating to an outperform rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $43.93.

Suncor Energy (NYSE:SU) opened at $37.86 on Monday. Suncor Energy has a twelve month low of $27.96 and a twelve month high of $38.39. The firm has a market cap of $62,330.00, a PE ratio of 21.76, a P/E/G ratio of 3.28 and a beta of 0.85. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.15. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.80 billion. analysts predict that Suncor Energy will post 1.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were paid a dividend of $0.251 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.19. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, November 30th. Suncor Energy’s dividend payout ratio is presently 58.05%.

Several hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its holdings in Suncor Energy by 40.9% during the 4th quarter. Acadian Asset Management LLC now owns 137,519 shares of the oil and gas producer’s stock worth $5,065,000 after acquiring an additional 39,900 shares during the period. Wasatch Advisors Inc. increased its holdings in Suncor Energy by 38.7% during the 4th quarter. Wasatch Advisors Inc. now owns 213,304 shares of the oil and gas producer’s stock worth $7,833,000 after acquiring an additional 59,568 shares during the period. Knowledge Leaders Capital LLC increased its holdings in Suncor Energy by 2.5% during the 4th quarter. Knowledge Leaders Capital LLC now owns 142,925 shares of the oil and gas producer’s stock worth $5,245,000 after acquiring an additional 3,428 shares during the period. Heathbridge Capital Management Ltd. increased its holdings in Suncor Energy by 0.9% during the 4th quarter. Heathbridge Capital Management Ltd. now owns 491,225 shares of the oil and gas producer’s stock worth $17,751,000 after acquiring an additional 4,200 shares during the period. Finally, First Financial Corp IN increased its holdings in Suncor Energy by 42.0% during the 4th quarter. First Financial Corp IN now owns 19,691 shares of the oil and gas producer’s stock worth $723,000 after acquiring an additional 5,820 shares during the period. Institutional investors own 65.57% of the company’s stock.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based 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.

Analyst Recommendations for Suncor Energy (NYSE:SU)

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