Suncor Energy (NYSE:SU) Upgraded at Tudor, Pickering, Holt & Co.

Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy (NYSE:SU) (TSE:SU) from a hold rating to a buy rating in a research report released on Monday morning, MarketBeat reports.

SU has been the subject of several other reports. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Price Performance

Shares of NYSE SU opened at $39.62 on Monday. The business’s fifty day moving average price is $37.67 and its two-hundred day moving average price is $38.57. Suncor Energy has a 1-year low of $31.25 and a 1-year high of $41.94. The firm has a market capitalization of $49.31 billion, a PE ratio of 11.48, a P/E/G ratio of 2.96 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. On average, research analysts expect that Suncor Energy will post 3.25 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be issued a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 46.67%.

Institutional Investors Weigh In On Suncor Energy

Several hedge funds have recently modified their holdings of SU. Eastern Bank bought a new position in Suncor Energy during the third quarter valued at about $25,000. HHM Wealth Advisors LLC raised its stake in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in Suncor Energy in the fourth quarter worth $35,000. Lee Danner & Bass Inc. acquired a new stake in Suncor Energy during the fourth quarter worth $36,000. Finally, Golden State Wealth Management LLC bought a new stake in Suncor Energy in the 4th quarter valued at $39,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Company Profile

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.