Suncor Energy (NYSE:SU) Upgraded to “Buy” at StockNews.com

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

A number of other research firms have also commented on SU. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target of $56.40.

Suncor Energy Stock Performance

SU stock traded up $0.16 during trading hours on Tuesday, hitting $40.98. 3,156,984 shares of the stock were exchanged, compared to its average volume of 4,266,614. Suncor Energy has a 12 month low of $29.45 and a 12 month high of $41.94. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $51.70 billion, a P/E ratio of 8.93, a P/E/G ratio of 2.79 and a beta of 1.12. The company has a 50-day simple moving average of $38.56 and a two-hundred day simple moving average of $38.81.

Institutional Trading of Suncor Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new stake in Suncor Energy during the 3rd quarter worth about $1,376,000. Assenagon Asset Management S.A. increased its holdings in Suncor Energy by 90.9% in the second quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock worth $316,226,000 after purchasing an additional 3,951,287 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Suncor Energy by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer’s stock valued at $683,916,000 after buying an additional 1,031,542 shares during the period. Mediolanum International Funds Ltd boosted its holdings in shares of Suncor Energy by 22.5% during the 3rd quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock worth $9,245,000 after buying an additional 46,155 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Suncor Energy during the 2nd quarter worth approximately $2,448,000. 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.