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Gearing Up for Suncor Energy’s 4Q16 Results

PART:
1 2 3 4 5 6
Part 4
Gearing Up for Suncor Energy’s 4Q16 Results PART 4 OF 6

Have Analyst Ratings for Suncor Weakened ahead of 4Q Earnings?

Analyst ratings for Suncor

So far in this series, we’ve examined Suncor Energy’s (SU) 4Q16 estimates, segmental outlook, and stock performance ahead of its earnings release on February 8, 2017. In this part of the series, we’ll look at the analyst ratings for Suncor.

Have Analyst Ratings for Suncor Weakened ahead of 4Q Earnings?

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Suncor has been rated by a total of 11 analysts. Eight of these analysts have assigned “buy” or “strong buy” ratings, three have assigned “hold” ratings, and no one has assigned “sell” or “strong sell” ratings on the stock. Suncor’s mean target price of $49 per share implies a 56% gain from the current level.

The January 2017 ratings for Suncor have changed compared to December 2016, where Suncor had more “buy” ratings. But, they have remained unchanged compared to January 2016 levels.

Also, in January 2017, Macquarie downgraded Suncor Energy from “outperform” to “neutral.”

Analyst ratings for peers

Suncor’s peers Royal Dutch Shell (RDS.A), Chevron (CVX), and ExxonMobil (XOM) have been rated as a “buy” by 92%, 69%, and 23% of analysts, respectively. Other global players like Total (TOT), YPF (YPF), and Petrobras (PBR) have been rated as “buy” by 43%, 77%, and 22% of analysts, respectively.

If you are looking for exposure to large capitalization stocks, you can consider the Vanguard 500 Index Fund Investor Shares (VFINX). The ETF also has ~8% exposure to energy sector stocks.

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