Suncor Energy (NYSE:SU) Lowered to Hold Rating by StockNews.com

Suncor Energy (NYSE:SU) (TSE:SU) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

SU has been the topic of a number of other research reports. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Stock Up 0.4 %

Shares of NYSE SU opened at $35.18 on Thursday. The business’s fifty day simple moving average is $38.51 and its 200-day simple moving average is $38.54. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. Suncor Energy has a 12-month low of $31.03 and a 12-month high of $41.94. The stock has a market cap of $44.26 billion, a P/E ratio of 7.66, a PEG ratio of 2.43 and a beta of 1.11.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SU. Sanctuary Advisors LLC grew its stake in Suncor Energy by 32.3% in the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock valued at $3,035,000 after purchasing an additional 20,081 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Suncor Energy by 1,345.8% in the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock valued at $17,309,000 after acquiring an additional 436,016 shares during the period. Aigen Investment Management LP bought a new position in Suncor Energy during the third quarter worth $1,376,000. DRW Securities LLC acquired a new stake in Suncor Energy in the 3rd quarter worth $1,151,000. Finally, Mediolanum International Funds Ltd lifted its stake in shares of Suncor Energy by 22.5% in the third quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock valued at $9,245,000 after buying an additional 46,155 shares during the period. 67.37% of the stock is owned by hedge funds and other 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.