Economy

Should You Buy Suncor Energy Inc. (NYSE:SU) On Current Analyst Views?

Suncor Energy Inc. (USA) (NYSE:SU) has risen 22.43% since September 16, 2016 and is uptrending. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Analysts believe that we could see stock price minimum in the $23 range (lowest target price), allowing for another -28.92% drop from its current position. AltaCorp Capital cut shares of Suncor Energy from an outperform rating to a sector perform rating in a research note on Friday, July 28th. This move has generated increased interest from both analysts and investors.Since the start of the calendar year, Suncor Energy Inc. Zacks Investment Research upgraded Suncor Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Scotiabank cut Suncor Energy from an "outperform" rating to a "sector perform" rating and set a C$47.00 price target on the stock.in a report on Friday, June 9th. "(SU) PT Raised to C$42.00" was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another domain, it was stolen and reposted in violation of worldwide copyright & trademark law. Janney Montgomery Scott LLC purchased a new stake in shares of Suncor Energy during the first quarter worth about $811,000. Bronfman E.L. Rothschild L.P. now owns 4,224 shares of the oil and gas producer's stock worth $130,000 after buying an additional 238 shares in the last quarter.

It is trading at $34.15 barely above $32.19, the 50 day moving average and significantly above the 200 day moving average of $30.99. The company has market cap of $56.76 billion.

07/03/2017 - Suncor Energy Inc. had its "overweight" rating reiterated by analysts at Piper Jaffray.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Tuesday, September 5th will be issued a $0.2552 dividend.

The market experts are predicting a 58.13% rally, based on the high target price ($54) for Suncor Energy Inc. shares that is likely to be hit in the 52 weeks. The dividend payment will be $0.260 per share for the quarter which comes to $1.04 on an annualized basis. The ex-dividend date of this dividend is Friday, September 1st. Suncor Energy 's dividend payout ratio (DPR) is presently 84.43%.

A number of equities analysts recently commented on SU shares. Canada Pension Plan Investment Board now owns 111,600 shares of the oil and gas producer's stock worth $3,417,000 after acquiring an additional 59,390 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Suncor Energy by 90.8% during the 2nd quarter. (NYSE:SU)'s stock has changed 4.41%. Suncor Energy had a return on equity of 3.86% and a net margin of 6.00%. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Suncor Energy by 680.3% during the second quarter. As of the end of the quarter Exane Asset Management had acquired a total of 5,898 shares growing its holdings by 18.8%.

COPYRIGHT VIOLATION WARNING: "Suncor Energy Inc". Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer's stock worth $167,000 after purchasing an additional 5,000 shares during the period.

Suncor Energy Inc.is an integrated energy company. 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. The Company's Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.



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