Suncor Energy (NYSE:SU) PT Raised to $43.00 at The Goldman Sachs Group

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) had its price target raised by The Goldman Sachs Group from $38.00 to $43.00 in a research report sent to investors on Friday, Stock Target Advisor reports. The Goldman Sachs Group currently has a buy rating on the oil and gas producer’s stock.

A number of other research firms also recently commented on SU. Tudor Pickering downgraded Suncor Energy from a buy rating to a hold rating and set a $42.00 target price on the stock. in a research report on Friday, February 4th. Royal Bank of Canada upped their target price on Suncor Energy from C$42.00 to C$47.00 in a research note on Wednesday, May 11th. Tudor, Pickering, Holt & Co. lowered Suncor Energy from a buy rating to a hold rating in a research note on Friday, February 4th. TheStreet upgraded Suncor Energy from a c rating to a b- rating in a research note on Tuesday, February 8th. Finally, CIBC upped their target price on Suncor Energy from C$50.00 to C$60.00 in a research report on Thursday, April 14th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Suncor Energy has a consensus rating of Buy and a consensus target price of $45.67.

Shares of SU opened at $39.42 on Friday. The stock has a 50-day simple moving average of $34.18 and a 200-day simple moving average of $29.66. 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 stock has a market capitalization of $55.77 billion, a PE ratio of 11.53, a PEG ratio of 0.54 and a beta of 1.35. Suncor Energy has a 1 year low of $17.10 and a 1 year high of $39.85.

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) last released its quarterly earnings results on Monday, May 9th. The oil and gas producer reported $1.52 EPS for the quarter, topping the consensus estimate of $1.31 by $0.21. The company had revenue of $10.65 billion for the quarter, compared to analyst estimates of $9.18 billion. Suncor Energy had a return on equity of 15.69% and a net margin of 14.18%. Analysts predict that Suncor Energy will post 5.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 3rd will be given a dividend of $0.3623 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.68%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, June 2nd. Suncor Energy’s dividend payout ratio is presently 38.89%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Investors Research Corp increased its position in Suncor Energy by 1.6% in the 1st quarter. Investors Research Corp now owns 18,577 shares of the oil and gas producer’s stock valued at $605,000 after acquiring an additional 300 shares during the period. Tyler Stone Wealth Management boosted its stake in Suncor Energy by 1.5% during the 1st quarter. Tyler Stone Wealth Management now owns 20,387 shares of the oil and gas producer’s stock valued at $664,000 after purchasing an additional 301 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Suncor Energy by 7.2% during the 1st quarter. Quadrant Capital Group LLC now owns 4,794 shares of the oil and gas producer’s stock valued at $157,000 after purchasing an additional 323 shares in the last quarter. Eagle Global Advisors LLC boosted its stake in Suncor Energy by 0.3% during the 1st quarter. Eagle Global Advisors LLC now owns 119,893 shares of the oil and gas producer’s stock valued at $3,902,000 after purchasing an additional 404 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC boosted its stake in Suncor Energy by 60.7% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,165 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 58.48% of the company’s stock.

About Suncor Energy (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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