Economy

Sprott Inc. Has $18.44 Million Stake in Suncor Energy Inc. (NYSE:SU)

(NYSE:SU) (TSE:SU) by 11.0% during the second quarter, Holdings Channel reports. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company now has an average rating of "Buy" and a consensus target price of $42.10.

We understand SU seems to be overvalued based on current earnings when we compare it to its industry peers.But seeing as Suncor Energy is thought of as a high growth stock, to properly value it we must also account for its earnings growth by using calculation called PEG ratio. Goldman Sachs Group, Inc. Zacks Investment Research downgraded shares of Suncor Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 26th.

National Bank Financial issued their FY2017 EPS estimates for Suncor Energy in a report released on Monday. Finally, Simmons lowered their price objective on shares of Suncor Energy from $43.00 to $41.00 and set an "overweight" rating for the company in a report on Wednesday, April 19th. On October 27 the stock rating was upgraded to "Outperform" from " by analysts at Macquarie. (NYSE:SU) is trading at, 29.37 (1.91% today), Suncor Energy Inc. has a dividend yield of 3.29%, and this is covered by a payout ratio of 131.90%. The firm owned 30,393 shares of the oil and gas producer's stock after buying an additional 3,195 shares during the period. The value of the total investment in Suncor Energy Inc. went from $540,000 to $516,000 a change of 4.4% quarter over quarter. The company has market cap of $63.44 billion. The dividend payment was $0.218 per share for the quarter or $0.87 on an annualized basis. As per Thursday, June 23, the company rating was upgraded by Citigroup.

Among 13 analysts covering Suncor Energy Inc. Finally, Marshwinds Advisory Co. raised its position in Suncor Energy by 0.3% in the first quarter. Howe & Rusling Inc. now owns 4,143 shares of the oil and gas producer's stock worth $127,000 after buying an additional 670 shares during the last quarter. Suncor Energy earned a coverage optimism score of 0.32 on Accern's scale. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter. Dowling & Yahnke LLC now owns 10,326 shares of the oil and gas producer's stock valued at $318,000 after buying an additional 31 shares during the last quarter. Clearbridge Investments LLC raised its stake in Suncor Energy by 7.0% in the first quarter. The senior management bring insider ownership to *TBA, and institutional ownership is at 68.50%.

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Suncor Energy Inc.is in the Independent Oil & Gas industry and Basic Materials sector. The Company is focused on developing Canada's petroleum resource basin, Athabasca oil sands. The Firm operates in three business divisions: Oil Sands, Exploration and Production (E&P), and Refining and Marketing.



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