Suncor Energy (TSE:SU) Rating Increased to Strong-Buy at Tudor Pickering

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

Several other research analysts have also recently weighed in on the company. TD Securities boosted their target price on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Royal Bank of Canada lowered their price objective on Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. UBS Group boosted their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Finally, Raymond James raised their price objective on shares of Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$62.54.

Suncor Energy Price Performance

Suncor Energy stock opened at C$58.05 on Monday. The company has a fifty day simple moving average of C$54.00 and a 200-day simple moving average of C$53.77. The firm has a market capitalization of C$73.72 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. Suncor Energy has a 52-week low of C$42.43 and a 52-week high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. During the same quarter last year, the firm earned $1.52 EPS. On average, equities analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. 0.01% of the stock is owned by corporate insiders.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.