Brokers Change Their Target Price On Suncor Energy Inc. (NYSE:SU)

Evrard Martin
Juillet 17, 2017

Suncor Energy earned a daily sentiment score of 0.19 on Accern's scale. Zacks Investment Research now has $33.00 target price on the oil and gas producer's stock.

06/23/2016 - Suncor Energy Inc. was upgraded to " by analysts at Citigroup. (NYSE:SU) (TSE:SU) in a report published on Wednesday morning. Importantly, SU's success in reducing cash costs have magnified the effects of rebound in oil prices. The total number of Outstanding Shares is 1.67 Billion.

04/05/2017 - Suncor Energy Inc. was upgraded to "conviction buy" by analysts at Goldman Sachs. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. They noted that the move was a valuation call.

Now the shares of Suncor Energy Inc. National Bank Financial assumed coverage on shares of Suncor Energy in a research report on Tuesday, June 27th. Simmons reduced their target price on Suncor Energy from $43.00 to $41.00 and set an overweight rating for the company in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Suncor Energy Inc.'s P/E ratio is 42.08. Suncor Energy Inc. (USA) (NYSE:SU) has risen 22.43% since July 14, 2016 and is uptrending. Suncor Energy Inc. Independent Oil & Gas has a PEG of *TBA alongside a PS value of 2.21 and a PB value of 1.39.

The stock Hit its 1-year high of $33.79 on 12/12/16 and its 1-year low price of $25.70 on 09/27/16. The stock's market capitalization is 49.60B, it has a 52-week low of 25.70 and a 52-week high of 33.79.

Suncor Energy Inc. has a 50 day moving average of 30.64 and a 200 day moving average of 31.30.

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The firm also recently declared a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, June 5th were paid a $0.2371 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, June 1st.

Currently, EPS of Suncor Energy Inc. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Suncor Energy during the first quarter worth $191,000. OppenheimerFunds Inc. now owns 15,323,679 shares of the oil and gas producer's stock worth $471,203,000 after buying an additional 4,309,173 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Suncor Energy by 7.1% in the first quarter. BlackRock Inc. now owns 23,556,647 shares of the oil and gas producer's stock worth $724,366,000 after buying an additional 23,556,443 shares during the last quarter. Wellington Management Group LLP now owns 62,617,740 shares of the oil and gas producer's stock valued at $1,922,960,000 after buying an additional 3,103,397 shares during the period. Finally, Dodge & Cox bought a new stake in Suncor Energy during the fourth quarter worth about $681,400,000. Institutional investors own 65.22% of the company's stock.

Now the P/E of Suncor Energy Inc.

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