Suncor Energy (NYSE:SU) Rating Increased to Buy at StockNews.com

Suncor Energy (NYSE:SU) (TSE:SU) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Separately, Morgan Stanley lifted their target price on Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Suncor Energy Stock Down 1.7 %

Shares of SU opened at $37.69 on Friday. The business’s 50 day moving average is $35.17 and its 200 day moving average is $33.55. The company has a market capitalization of $48.52 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 3.57 and a beta of 1.13. Suncor Energy has a 12-month low of $27.59 and a 12-month high of $39.32. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.13. The business had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same quarter last year, the business posted $1.33 EPS. Research analysts expect that Suncor Energy will post 3.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. raised its position in shares of Suncor Energy by 0.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 47,669 shares of the oil and gas producer’s stock worth $1,639,000 after acquiring an additional 300 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Suncor Energy by 19.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,931 shares of the oil and gas producer’s stock worth $66,000 after acquiring an additional 308 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Suncor Energy by 43.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 313 shares during the last quarter. Adirondack Trust Co. raised its stake in Suncor Energy by 45.6% in the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 313 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its stake in Suncor Energy by 4.6% in the fourth quarter. Venture Visionary Partners LLC now owns 7,231 shares of the oil and gas producer’s stock valued at $232,000 after buying an additional 316 shares during the last quarter. 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.