Suncor Energy (NYSE:SU) Upgraded at Tudor Pickering

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

Several other analysts have also recently issued reports on the company. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Suncor Energy Stock Performance

Shares of SU opened at $40.65 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $37.67 and its two-hundred day moving average is $38.57. The firm has a market cap of $50.59 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 2.96 and a beta of 1.12. Suncor Energy has a 52-week low of $31.25 and a 52-week high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. Analysts forecast that Suncor Energy will post 3.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Suncor Energy

A number of hedge funds have recently made changes to their positions in the business. Eastern Bank bought a new position in Suncor Energy in the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC grew its stake in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 325 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy during the fourth quarter valued at $35,000. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy during the fourth quarter valued at about $36,000. Finally, Golden State Wealth Management LLC acquired a new stake in Suncor Energy in the fourth quarter worth about $39,000. 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.