Suncor Energy (NYSE:SU) PT Raised to C$60.00 at BMO Capital Markets

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) had its target price boosted by research analysts at BMO Capital Markets from C$54.00 to C$60.00 in a research report issued on Thursday, The Fly reports.

Other analysts also recently issued research reports about the company. Credit Suisse Group boosted their price objective on Suncor Energy from C$58.00 to C$63.00 and gave the stock an “outperform” rating in a report on Thursday. National Bank Financial upped their target price on Suncor Energy from C$52.00 to C$54.00 in a report on Thursday, April 14th. Wells Fargo & Company upped their target price on Suncor Energy from $42.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, March 11th. TD Securities upped their target price on Suncor Energy from C$51.00 to C$53.00 in a report on Tuesday, May 10th. Finally, Scotiabank boosted their price target on Suncor Energy from C$46.00 to C$57.00 in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Buy” and a consensus price target of $48.20.

Shares of SU traded down $0.33 during midday trading on Thursday, hitting $42.16. 135,056 shares of the stock traded hands, compared to its average volume of 7,689,586. Suncor Energy has a 1-year low of $17.10 and a 1-year high of $42.72. The firm has a market capitalization of $59.65 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.75 and a current ratio of 1.18. The business’s 50 day moving average price is $36.19 and its two-hundred day moving average price is $30.85.

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) last posted its quarterly earnings data on Monday, May 9th. The oil and gas producer reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.21. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $9.18 billion. Suncor Energy had a net margin of 14.18% and a return on equity of 15.69%. As a group, equities research analysts forecast that Suncor Energy will post 5.13 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Carolinas Wealth Consulting LLC raised its position in shares of Suncor Energy by 60.7% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 1,165 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 440 shares during the period. EverSource Wealth Advisors LLC bought a new stake in Suncor Energy in the 4th quarter valued at $33,000. Herold Advisors Inc. acquired a new position in Suncor Energy in the 1st quarter valued at $33,000. Fortis Advisors LLC acquired a new position in shares of Suncor Energy during the 1st quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Suncor Energy during the 4th quarter worth $44,000. Institutional investors and hedge funds own 58.48% of the company’s stock.

Suncor Energy Company Profile (Get Rating)

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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