Suncor Energy (NYSE:SU) Upgraded by Tudor Pickering to Strong-Buy Rating

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.

A number of other research firms have also weighed in on SU. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Suncor Energy Stock Performance

Suncor Energy stock opened at $40.65 on Monday. Suncor Energy has a fifty-two week low of $31.25 and a fifty-two week high of $41.94. The company has a market capitalization of $50.59 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 2.96 and a beta of 1.12. The stock has a fifty day moving average of $37.64 and a two-hundred day moving average of $38.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59.

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, beating analysts’ consensus estimates 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, analysts anticipate that Suncor Energy will post 3.25 EPS for the current fiscal year.

Institutional Trading of Suncor Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Mufg Securities Canada LTD. boosted its position in Suncor Energy by 70.3% during the 4th quarter. Mufg Securities Canada LTD. now owns 1,919,654 shares of the oil and gas producer’s stock worth $68,477,000 after purchasing an additional 792,130 shares during the period. Zions Bancorporation N.A. lifted its stake in shares of Suncor Energy by 38.3% during the fourth quarter. Zions Bancorporation N.A. now owns 32,862 shares of the oil and gas producer’s stock worth $1,173,000 after purchasing an additional 9,101 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Suncor Energy by 10.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 360,039 shares of the oil and gas producer’s stock worth $12,846,000 after buying an additional 34,734 shares during the period. Prudential Financial Inc. boosted its position in shares of Suncor Energy by 68.8% in the fourth quarter. Prudential Financial Inc. now owns 111,222 shares of the oil and gas producer’s stock worth $3,968,000 after buying an additional 45,340 shares during the period. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

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.