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

Suncor Energy (NYSE:SU) (TSE:SU) was upgraded by Tudor, Pickering, Holt & Co. from a “hold” rating to a “buy” rating in a note issued to investors on Monday,Finviz reports.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Trading Up 0.8 %

NYSE SU opened at $38.73 on Monday. The company has a market capitalization of $48.20 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth 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 has a 12 month low of $31.25 and a 12 month high of $41.94. The company’s fifty day moving average price is $37.63 and its two-hundred day moving average price is $38.55.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SU. Eastern Bank bought a new stake in shares of Suncor Energy in the 3rd quarter worth $25,000. HHM Wealth Advisors LLC grew 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 during the period. Golden State Wealth Management LLC bought a new stake in Suncor Energy in the fourth quarter worth about $39,000. Stonebridge Financial Group LLC acquired a new position in shares of Suncor Energy in the 4th quarter worth approximately $45,000. Finally, Waldron Private Wealth LLC bought a new stake in shares of Suncor Energy in the 3rd quarter worth approximately $49,000. 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.