Suncor Energy (TSE:SU) Raised to Strong-Buy at Tudor Pickering

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by equities researchers 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.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada decreased their target price on shares of Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. National Bankshares increased their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company dropped their target price on Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. UBS Group upped their target price on Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Finally, Raymond James raised their price target on Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and an average target price of C$62.54.

Suncor Energy Stock Performance

Suncor Energy stock opened at C$58.05 on Monday. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The company has a market capitalization of C$73.72 billion, a PE ratio of 9.97, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a 50 day moving average price of C$54.00 and a 200-day moving average price of C$53.77. Suncor Energy has a fifty-two week low of C$42.43 and a fifty-two week high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same quarter in the prior year, the business posted $1.52 EPS. As a group, equities analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. 0.01% of the stock is currently owned by corporate insiders.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.