Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) had its price target boosted by equities research analysts at The Goldman Sachs Group from $38.00 to $45.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 11.68% from the company’s current price.
SU has been the topic of a number of other research reports. Morgan Stanley increased their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. TD Securities increased their price target on Suncor Energy from $52.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of $51.67.
Read Our Latest Stock Report on Suncor Energy
Suncor Energy Stock Performance
Shares of NYSE SU opened at $40.30 on Thursday. Suncor Energy has a 12 month low of $27.59 and a 12 month high of $41.50. The stock has a 50 day moving average of $38.46 and a 200-day moving average of $34.72. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $51.81 billion, a P/E ratio of 8.97, a P/E/G ratio of 3.69 and a beta of 1.11.
Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last announced its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.80 by $0.13. The business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. During the same quarter in the previous year, the firm posted $1.33 EPS. As a group, equities research analysts predict that Suncor Energy will post 3.63 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC boosted its holdings in Suncor Energy by 105.2% in the first quarter. Cetera Advisors LLC now owns 16,854 shares of the oil and gas producer’s stock worth $622,000 after acquiring an additional 8,641 shares in the last quarter. Cetera Investment Advisers grew its stake in Suncor Energy by 213.9% in the 1st quarter. Cetera Investment Advisers now owns 85,277 shares of the oil and gas producer’s stock valued at $3,148,000 after purchasing an additional 58,110 shares during the period. Wahed Invest LLC increased its holdings in Suncor Energy by 35.6% during the first quarter. Wahed Invest LLC now owns 14,142 shares of the oil and gas producer’s stock worth $522,000 after buying an additional 3,711 shares during the last quarter. Yaupon Capital Management LP bought a new stake in shares of Suncor Energy in the 1st quarter worth approximately $40,548,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Suncor Energy by 40.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,408 shares of the oil and gas producer’s stock valued at $323,000 after buying an additional 2,693 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.
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.
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Source: defenseworld.net
