Suncor Energy (NYSE:SU) Price Target Increased to $57.00 by Analysts at TD Securities

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU had its target price upped by TD Securities from $52.00 to $57.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "hold" rating on the oil and gas producer's stock. TD Securities' price target would suggest a potential upside of 40.79% from the stock's previous close.

Other analysts also recently issued reports about the company. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, May 16th. Morgan Stanley boosted their target price on Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and an average price target of $53.00.

Suncor Energy Stock Down 1.4 %

NYSE SU traded down $0.56 during trading on Wednesday, reaching $40.49. 4,992,498 shares of the company's stock were exchanged, compared to its average volume of 4,326,348. The stock has a market cap of $52.06 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.51. The company has a 50 day moving average price of $38.30 and a two-hundred day moving average price of $34.64. Suncor Energy has a 1 year low of $27.59 and a 1 year high of $41.28.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.13. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a return on equity of 15.69% and a net margin of 15.38%. During the same period in the previous year, the business earned $1.33 EPS. On average, equities research analysts anticipate that Suncor Energy will post 3.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Suncor Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SU. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Suncor Energy by 43.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 313 shares in the last quarter. Adirondack Trust Co. boosted its stake in shares of Suncor Energy by 45.6% during the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer's stock worth $34,000 after acquiring an additional 313 shares in the last quarter. Independence Bank of Kentucky boosted its stake in shares of Suncor Energy by 6.7% during the 1st quarter. Independence Bank of Kentucky now owns 5,050 shares of the oil and gas producer's stock worth $186,000 after acquiring an additional 315 shares in the last quarter. First Financial Corp IN boosted its stake in shares of Suncor Energy by 3.3% during the 4th quarter. First Financial Corp IN now owns 12,422 shares of the oil and gas producer's stock worth $398,000 after acquiring an additional 393 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Suncor Energy by 5.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 7,695 shares of the oil and gas producer's stock worth $284,000 after acquiring an additional 395 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.