Suncor Energy (NYSE:SU) Stock Rating Upgraded by StockNews.com

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

Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating for the company. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Trading Down 0.7 %

Shares of Suncor Energy stock opened at $37.46 on Friday. Suncor Energy has a 1-year low of $33.81 and a 1-year high of $41.95. The stock has a market cap of $46.34 billion, a P/E ratio of 10.86, a P/E/G ratio of 2.94 and a beta of 1.11. The stock’s 50 day simple moving average is $38.22 and its 200-day simple moving average is $38.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Analysts predict that Suncor Energy will post 3.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Suncor Energy

A number of institutional investors have recently modified their holdings of SU. Assenagon Asset Management S.A. raised its holdings in shares of Suncor Energy by 1,324.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after buying an additional 3,225,543 shares during the last quarter. Principal Financial Group Inc. grew its position in Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock worth $346,298,000 after purchasing an additional 2,767,043 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Suncor Energy by 2,061.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer’s stock worth $86,990,000 after purchasing an additional 2,325,503 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Suncor Energy by 500.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer’s stock worth $87,459,000 after purchasing an additional 2,044,680 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Suncor Energy by 97.4% during the 4th quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer’s stock worth $133,250,000 after purchasing an additional 1,842,791 shares in the last quarter. Institutional investors and hedge funds 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.