Suncor Energy Inc. (NYSE:SU) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have received an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $55.83.

A number of brokerages have recently commented on SU. Scotiabank lowered their price target on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Finally, Wolfe Research began coverage on shares of Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price target for the company.

Institutional Trading of Suncor Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trust Co. of Vermont bought a new stake in Suncor Energy during the second quarter valued at $26,000. Eastern Bank bought a new stake in Suncor Energy during the third quarter valued at $25,000. Summit Securities Group LLC bought a new stake in Suncor Energy during the second quarter valued at $27,000. Richardson Financial Services Inc. increased its stake in Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 328 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in Suncor Energy during the second quarter valued at $29,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

Shares of SU opened at $39.59 on Friday. The company has a 50-day simple moving average of $38.39 and a 200-day simple moving average of $38.75. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $49.95 billion, a PE ratio of 9.19, a P/E/G ratio of 2.71 and a beta of 1.12. Suncor Energy has a 52-week low of $29.45 and a 52-week high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.51. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $9.30 billion. During the same period last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts predict that Suncor Energy will post 3.53 earnings per share for the current fiscal year.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.