Suncor Energy (NYSE:SU) Raised 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 report issued on Monday,Finviz reports.

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

Suncor Energy Price Performance

SU opened at $38.73 on Monday. The stock’s 50-day moving average price is $37.63 and its 200 day moving average price is $38.55. Suncor Energy has a 12-month low of $31.25 and a 12-month high of $41.94. The firm has a market cap of $48.20 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 2.96 and a beta of 1.12. 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 (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 15.33% and a net margin of 11.80%. As a group, sell-side analysts expect that Suncor Energy will post 3.25 earnings per share for the current year.

Institutional Trading of Suncor Energy

A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of Suncor Energy by 20.2% during the third quarter. CWM LLC now owns 5,312 shares of the oil and gas producer’s stock valued at $196,000 after purchasing an additional 894 shares during the period. Valeo Financial Advisors LLC grew its holdings in Suncor Energy by 14.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 7,924 shares of the oil and gas producer’s stock valued at $293,000 after purchasing an additional 1,012 shares in the last quarter. CHICAGO TRUST Co NA increased its stake in Suncor Energy by 8.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 10,129 shares of the oil and gas producer’s stock worth $374,000 after buying an additional 823 shares during the period. Creative Planning lifted its holdings in Suncor Energy by 4.5% in the 3rd quarter. Creative Planning now owns 261,240 shares of the oil and gas producer’s stock worth $9,645,000 after buying an additional 11,205 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its position in Suncor Energy by 2.5% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 37,609 shares of the oil and gas producer’s stock valued at $1,389,000 after buying an additional 917 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

About Suncor Energy

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.