Suncor Energy (TSE:SU) Receives “Buy” Rating from The Goldman Sachs Group


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The Goldman Sachs Group reiterated their buy rating on shares of Suncor Energy (TSE:SU) (NYSE:SU) in a research report released on Thursday morning, PriceTargets.com reports. The Goldman Sachs Group currently has a C$25.00 price objective on the stock.

A number of other research firms have also recently weighed in on SU. CIBC raised their price objective on shares of Suncor Energy from C$28.00 to C$34.00 in a report on Wednesday, December 16th. National Bank Financial boosted their target price on shares of Suncor Energy from C$28.00 to C$33.00 and gave the stock a sector perform rating in a research report on Friday, February 19th. Credit Suisse Group restated an outperform rating and issued a C$35.00 target price on shares of Suncor Energy in a report on Monday, February 22nd. UBS Group upped their price target on Suncor Energy from C$26.00 to C$30.00 in a report on Thursday, January 7th. Finally, Tudor Pickering upped their price target on Suncor Energy to C$33.00 and gave the stock a buy rating in a report on Monday. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Suncor Energy presently has an average rating of Buy and a consensus target price of C$29.90.

Shares of Suncor Energy stock opened at C$26.44 on Thursday. Suncor Energy has a 52-week low of C$14.28 and a 52-week high of C$29.55. The company has a 50 day moving average of C$27.02 and a 200 day moving average of C$22.07. The company has a quick ratio of 0.53, a current ratio of 0.89 and a debt-to-equity ratio of 60.69. The company has a market capitalization of C$40.26 billion and a P/E ratio of -9.34.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Wednesday, February 3rd. The company reported C($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.05. The firm had revenue of C$6.59 billion during the quarter, compared to analysts’ expectations of C$7.26 billion. As a group, research analysts anticipate that Suncor Energy will post 1.652486 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 25th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Wednesday, March 3rd. Suncor Energy’s payout ratio is -38.69%.

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

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Analyst Recommendations for Suncor Energy (TSE:SU)

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