Shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) have earned a consensus recommendation of “Buy” from the twenty analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $43.63.
A number of research analysts recently issued reports on SU shares. BidaskClub raised shares of Suncor Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday, July 4th. Barclays PLC reissued an “overweight” rating and issued a $52.00 price objective (up from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. Citigroup Inc. reissued a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. Finally, AltaCorp Capital cut shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th.
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Several large investors have recently modified their holdings of the company. Gs Investments Inc. acquired a new position in shares of Suncor Energy during the second quarter worth $762,000. Archford Capital Strategies LLC lifted its holdings in shares of Suncor Energy by 546.3% during the second quarter. Archford Capital Strategies LLC now owns 6,360 shares of the oil and gas producer’s stock worth $344,000 after purchasing an additional 5,376 shares during the period. Cetera Investment Advisers acquired a new position in shares of Suncor Energy during the second quarter worth $267,000. Advisory Services Network LLC lifted its holdings in shares of Suncor Energy by 3.9% during the second quarter. Advisory Services Network LLC now owns 6,470 shares of the oil and gas producer’s stock worth $189,000 after purchasing an additional 245 shares during the period. Finally, Colony Group LLC lifted its holdings in shares of Suncor Energy by 3.7% during the second quarter. Colony Group LLC now owns 467,130 shares of the oil and gas producer’s stock worth $13,640,000 after purchasing an additional 16,558 shares during the period. Institutional investors own 64.07% of the company’s stock.
Shares of Suncor Energy (SU) traded up 0.91% on Tuesday, hitting $33.38. The stock had a trading volume of 2,508,445 shares. The company has a 50 day moving average of $31.97 and a 200-day moving average of $30.93. Suncor Energy has a 12-month low of $25.70 and a 12-month high of $33.79. The firm has a market capitalization of $55.39 billion, a P/E ratio of 26.20 and a beta of 0.82.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be given a $0.2552 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.02 dividend on an annualized basis and a yield of 3.06%. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.24. Suncor Energy ‘s dividend payout ratio (DPR) is currently 84.43%.
Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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