Suncor Energy (NYSE:SU) Upgraded by Tudor, Pickering, Holt & Co. to Buy Rating

Suncor Energy (NYSE:SU) (TSE:SU) was upgraded by analysts at Tudor, Pickering, Holt & Co. from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat.com reports.

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

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $40.65 on Monday. Suncor Energy has a 52 week low of $31.25 and a 52 week 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 company’s 50-day moving average price is $37.64 and its two-hundred day moving average price is $38.56. The stock has a market cap of $50.59 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.96 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results 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 net margin of 11.80% and a return on equity of 15.33%. As a group, sell-side analysts anticipate that Suncor Energy will post 3.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Suncor Energy

A number of large investors have recently bought and sold shares of SU. Assenagon Asset Management S.A. lifted its position in Suncor Energy by 1,324.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock worth $123,774,000 after acquiring an additional 3,225,543 shares during the last quarter. Principal Financial Group Inc. increased its position in Suncor Energy by 39.9% in 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 buying an additional 2,767,043 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of Suncor Energy by 2,061.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer’s stock worth $86,990,000 after buying an additional 2,325,503 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Suncor Energy by 97.4% in the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer’s stock valued at $133,250,000 after acquiring an additional 1,842,791 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Suncor Energy by 23.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock worth $357,827,000 after acquiring an additional 1,829,936 shares during the period. 67.37% of the stock is currently owned by institutional investors.

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.