Suncor is a huge player in the Canadian oil sands. Out of 21 analysts, 20 rate it either “buy” or “outperform”. The other one rates it “hold”. You could say that everyone likes it, which is what I’m looking for. The fast money appears to be moving into this position. According to a BNN host, the consensus looking forward is $42, an increase of 12.5%. Over the past three months, share price has risen from $31 to $37, so it might not take 12 months to earn the next 12.5%.
Given the widespread interest, it’s not surprising to see 68% institutional ownership. The company has relatively low debt at 28% debt-to-equity, and low price-to-book of 1.45. With a dividend yield of just over 2% (better than most government stocks), almost everyone could own this stock.