Suncor Energy (NYSE:SU) Rating Increased to Buy at StockNews.com

Suncor Energy (NYSE:SU) (TSE:SU) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

SU has been the subject of several other research reports. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Bank of America initiated coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating for the company. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Stock Down 0.7 %

Shares of SU opened at $37.46 on Friday. The company has a market capitalization of $46.34 billion, a P/E ratio of 10.86, a PEG ratio of 2.94 and a beta of 1.11. Suncor Energy has a one year low of $33.81 and a one year high of $41.95. The business’s 50 day simple moving average is $38.22 and its 200-day simple moving average is $38.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. As a group, sell-side analysts predict that Suncor Energy will post 3.42 EPS for the current fiscal year.

Institutional Trading of Suncor Energy

Hedge funds have recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its holdings in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy during the fourth quarter worth about $35,000. Lee Danner & Bass Inc. bought a new position in shares of Suncor Energy during the 4th quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the 4th quarter valued at approximately $39,000. Finally, Covestor Ltd raised its holdings in Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 256 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

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.