How Many Suncor Energy Inc. (TSE:SU)'s Analysts Are Bullish?

How Many Suncor Energy Inc. (TSE:SU)'s Analysts Are Bullish?”

RBC Capital Markets maintained the stock with "Sector Perform" rating in Friday, October 28 report. The company now has a consensus rating of "Buy" and an average target price of C$49.25.

A number of analysts recently issued reports on the company.

04/05/2017 - Suncor Energy Inc. was upgraded to "conviction buy" by analysts at Goldman Sachs. They noted that the move was a valuation call.

Analysts at National Bank Financial issued their FY2018 earnings per share (EPS) estimates for Suncor Energy in a research note issued to investors on Monday. The brokerage presently has an "outperform" rating on the stock. Finally, Barclays PLC reissued an "overweight" rating and issued a $52.00 price target (up from $47.00) on shares of Suncor Energy in a research report on Wednesday, July 12th. Finally, Simmons dropped their target price on shares of Suncor Energy from $43.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, April 19th. "(SU) Given a C$51.00 Price Target by National Bank Financial Analysts" was posted by BBNS and is owned by of BBNS. If you are accessing this article on another domain, it was stolen and republished in violation of USA and global trademark & copyright legislation.

Suncor Energy (NYSE SU) traded up 0.23% on Monday, hitting $30.71. 2,079,945 shares of the company traded hands. The stock has a market cap of $65.15 billion and a P/E ratio of 41.88. Suncor Energy has a one year low of $25.70 and a one year high of $33.79.

It is trading at $31.40 which is slightly above $29.68, the 50 day moving average and which is just a bit higher than the 200 day moving average of $30.90. The ex-dividend date was Thursday, June 1st. This represents a $0.95 annualized dividend and a yield of 3.09%. Suncor Energy 's dividend payout ratio (DPR) is presently 141.79%.

Suncor Energy announced that its Board of Directors has approved a share repurchase program on Wednesday, April 26th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas producer to reacquire up to 3.9% of its shares through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued. United Capital Financial Advisers LLC boosted its stake in Suncor Energy by 16.0% in the first quarter. YorkBridge Wealth Partners LLC boosted its position in Suncor Energy by 1.0% in the first quarter. 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. FMR LLC now owns 105,191,127 shares of the oil and gas producer's stock worth $3,229,653,000 after buying an additional 3,492,013 shares in the last quarter. Today?" on July 07, 2017, also with their article: "Earnings Scheduled For July 26, 2017" published on July 26, 2017, published: "Imperial Oil Ltd. & Suncor Energy Inc.: "2 Names That Should Outperform With ..." on July 05, 2017. Addenda Capital Inc. now owns 1,593,270 shares of the oil and gas producer's stock worth $48,777,000 after buying an additional 72,040 shares in the last quarter. Univest Corp of Pennsylvania increased its stake in shares of Suncor Energy by 7.3% in the first quarter.

Suncor Energy Inc. also recently declared a dividend for shareholders paid on Monday the 26th of June 2017.

The company raised its 2017 capital budget to C$5.4 million-C$5.6 million, from C$4.8 million-C$5.2 million, after speeding up work at its Fort Hills oil sands project and to reflect increased costs at the Syncrude plant in northern Alberta following a fire in March. The Firm operates in three business divisions: Oil Sands, Exploration and Production (E&P), and Refining and Marketing.

Suncor says its total production was 539,100 barrels of oil equivalent per day in the second quarter, with oilsands operations contributing 352,600 barrels per day.

Like this


27 July 2017
Firefighters rescue woman trapped in auto by flash flooding in KC area
A section of southbound Interstate 35 between Interstate 635 and 18th Street Expressway was closed because flooding. Indian Creek was cresting over the road bridges at every intersection, topping 27 feet at its highest.

27 July 2017
Christopher Nolan Confirms Michael Caine's Dunkirk Cameo
Caine's voice can briefly be heard in the film as the officer that Tom Hardy's RAF pilot hears over his radio. Nolan sums up his decision to cast Caine in the flick, simply saying, "And also, it's Michael".

27 July 2017
HBO Announces Chernobyl Mini-Series Starring Mad Men Actor
It will be executive produced by Caroline Strauss, Jane Featherstone and Mazin, and co-executive produced by Chris Fry and Renck. Chernobyl will be produced by Kary Antholis , President, HBO Miniseries and CINEMAX Programing.

27 July 2017
ConvaTec Group PLC (LON:CTEC) Downgraded to Reduce at Numis Securities Ltd
Its mean Altman Z-Score: -0.04 during the last 7 years, while average Beneish M-Score: -3.24 during the last 7 years. The Firm operates through the business of developing and commercializing of oncology-focused therapeutics segment.

27 July 2017
JNU: Mandatory to fill MPhil, PhD forms in Hindi
Chakraborty said many students wrote their dissertation title in their local language script as a mark of protest. However, those which did not have the details transliterated in Hindi were sent back to them.

27 July 2017
Roomba robot vacuum cleaner could collect data about user homes
Selling data about users' homes raises clear privacy issues, said Ben Rose, an analyst who covers iRobot for Battle Road Research. But some competitors still hopped on the bus of privacy concerns amist the news that Angle could look to sell Roomba's data.

27 July 2017
David Ramsden Named Bank of England's Deputy Governor
At the same time, Britain's central bank has appointed former HR chief Joanna Place as its new chief operating officer. Ramsden, a civil servant who is now the chief economic adviser to the Treasury, will take up his role immediately.

27 July 2017
Claims Climb in States by 10K
The Labor Department said Thursday that weekly unemployment applications rose by 10,000 to a seasonally-adjusted 244,000. The four-week moving average of initial claims, which evens out weekly volatility, remained flat last week at 244,000.

27 July 2017
Marlins outscore Rangers 22-10, set franchise record for runs
The first four Marlins reached on two doubles and two singles before Darvish recorded his first out of the inning. Rangers: Before a weekend series at home against Baltimore, the Rangers have a day off Thursday.

27 July 2017
Wabash National Corporation (WNC) Shares Sold by Vanguard Group Inc
Koch Industries Inc. bought a new position in Wabash National Corporation during the first quarter worth approximately $250,000. Wabash National Corporation is a diversified industrial maker and producer of semi-trailers and liquid transportation systems.