Suncor Energy Inc. (NYSE:SU)‘s stock had its “buy” rating reiterated by research analysts at TD Securities in a note issued to investors on Thursday. They presently have a $41.00 target price on the stock. TD Securities’ price objective indicates a potential upside of 53.50% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Raymond James Financial Inc. reiterated an “outperform” rating and issued a $41.00 price objective (up previously from $40.00) on shares of Suncor Energy in a report on Monday, May 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $41.00 price objective on shares of Suncor Energy in a report on Sunday, May 1st. BMO Capital Markets reiterated a “buy” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Suncor Energy in a report on Thursday, April 28th. Citigroup Inc. cut Suncor Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $38.00 to $40.00 in a report on Wednesday, April 20th. Finally, Vetr cut Suncor Energy from a “buy” rating to a “hold” rating and set a $29.87 price objective for the company. in a report on Tuesday, April 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.62.
Suncor Energy (NYSE:SU) traded up 1.67% during midday trading on Thursday, hitting $26.71. The stock had a trading volume of 4,835,791 shares. The firm’s 50-day moving average price is $27.36 and its 200 day moving average price is $26.13. The company’s market cap is $42.26 billion. Suncor Energy has a 12 month low of $18.71 and a 12 month high of $30.70.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Suncor Energy by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 23,418,989 shares of the company’s stock valued at $604,210,000 after buying an additional 1,574,030 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Suncor Energy by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 8,913,358 shares of the company’s stock valued at $229,965,000 after buying an additional 311,995 shares during the last quarter. Pekin Singer Strauss Asset Management IL raised its stake in shares of Suncor Energy by 4.2% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 385,395 shares of the company’s stock valued at $9,943,000 after buying an additional 15,500 shares during the last quarter. Guinness Asset Management Ltd raised its stake in shares of Suncor Energy by 1.8% in the fourth quarter. Guinness Asset Management Ltd now owns 317,862 shares of the company’s stock valued at $8,174,000 after buying an additional 5,487 shares during the last quarter. Finally, UBS Oconnor LLC purchased a new stake in shares of Suncor Energy during the fourth quarter valued at approximately $7,776,000.
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.
