Suncor Energy (NYSE:SU) PT Raised to $57.00

Suncor Energy (NYSE:SU) (TSE:SU) had its target price boosted by analysts at TD Securities from $52.00 to $57.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the oil and gas producer’s stock. TD Securities’ price target would indicate a potential upside of 42.04% from the company’s previous close.

SU has been the subject of several other research reports. Morgan Stanley boosted their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.

Suncor Energy Stock Performance

Shares of SU opened at $40.13 on Wednesday. Suncor Energy has a 1 year low of $27.59 and a 1 year high of $41.50. The company has a market cap of $51.60 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 3.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.51. The firm has a fifty day moving average of $38.38 and a 200-day moving average of $34.67.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. As a group, equities analysts anticipate that Suncor Energy will post 3.71 earnings per share for the current year.

Institutional Investors Weigh In On Suncor Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC grew its stake in Suncor Energy by 10.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 29,873 shares of the oil and gas producer’s stock valued at $957,000 after acquiring an additional 2,895 shares in the last quarter. Vanguard Group Inc. grew its stake in Suncor Energy by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,379,614 shares of the oil and gas producer’s stock valued at $1,732,051,000 after acquiring an additional 731,163 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Suncor Energy by 13.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,348,348 shares of the oil and gas producer’s stock valued at $183,876,000 after acquiring an additional 628,262 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Suncor Energy by 1,689.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 565,339 shares of the oil and gas producer’s stock valued at $18,118,000 after acquiring an additional 533,754 shares in the last quarter. Finally, FMR LLC grew its stake in Suncor Energy by 0.3% during the 3rd quarter. FMR LLC now owns 17,248,932 shares of the oil and gas producer’s stock valued at $593,188,000 after acquiring an additional 49,765 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

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.