Suncor Energy (NYSE:SU) Stock Rating Upgraded by Tudor Pickering

Suncor Energy (NYSE:SU) (TSE:SU) was upgraded by Tudor Pickering from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Stock Performance

Shares of NYSE SU opened at $40.65 on Monday. The company has a 50-day simple moving average of $37.67 and a 200-day simple moving average of $38.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The company has a market cap of $50.59 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.96 and a beta of 1.12. Suncor Energy has a 12 month low of $31.25 and a 12 month high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating 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, equities analysts anticipate that Suncor Energy will post 3.25 earnings per share for the current year.

Institutional Investors Weigh In On Suncor Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Eastern Bank acquired a new position in Suncor Energy during the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC raised its stake in shares of 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 valued at $30,000 after purchasing an additional 325 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy during the fourth quarter worth $35,000. Lee Danner & Bass Inc. purchased a new position in shares of Suncor Energy in the fourth quarter valued at $36,000. Finally, Golden State Wealth Management LLC acquired a new stake in Suncor Energy during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

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.