Brokerages Set Suncor Energy Inc. (NYSE:SU) PT at $55.83

Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU has been given an average rating of "Moderate Buy" by the eight research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $55.83.

Several research firms have recently issued reports on SU. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday. Scotiabank lowered their price target on Suncor Energy from $61.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, July 12th. BMO Capital Markets upgraded shares of Suncor Energy from a "market perform" rating to an "outperform" rating in a research note on Wednesday, August 7th. Wolfe Research began coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They issued an "outperform" rating and a $68.00 target price on the stock. Finally, TD Securities raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th.

Suncor Energy Stock Down 1.1 %

Suncor Energy stock traded down $0.44 during trading hours on Friday, hitting $39.16. The company had a trading volume of 2,316,639 shares, compared to its average volume of 4,212,940. Suncor Energy has a fifty-two week low of $29.45 and a fifty-two week high of $41.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. The firm has a market capitalization of $49.41 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12. The firm's fifty day moving average is $38.39 and its 200-day moving average is $38.75.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.51. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $9.30 billion. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The business's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, research analysts forecast that Suncor Energy will post 3.53 earnings per share for the current year.

Hedge Funds Weigh In On Suncor Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Norden Group LLC bought a new stake in shares of Suncor Energy during the first quarter valued at approximately $399,000. BNP Paribas Financial Markets increased its stake in shares of Suncor Energy by 2,358.4% in the 1st quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer's stock valued at $635,000 after buying an additional 16,509 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Suncor Energy by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 60,892 shares of the oil and gas producer's stock worth $2,248,000 after acquiring an additional 1,166 shares during the last quarter. Duality Advisers LP lifted its stake in shares of Suncor Energy by 112.4% during the first quarter. Duality Advisers LP now owns 31,515 shares of the oil and gas producer's stock valued at $1,163,000 after acquiring an additional 16,680 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Suncor Energy by 56.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 55,636 shares of the oil and gas producer's stock valued at $2,054,000 after acquiring an additional 20,101 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.