Suncor Energy (NYSE:SU) Rating Lowered to “Hold” at StockNews.com

Suncor Energy (NYSE:SU) (TSE:SU) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently commented on SU. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating for the company. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.20.

Suncor Energy Trading Up 2.0 %

Shares of NYSE SU opened at $34.48 on Thursday. Suncor Energy has a twelve month low of $30.79 and a twelve month high of $41.95. The firm has a market cap of $42.66 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The business has a fifty day simple moving average of $36.67 and a two-hundred day simple moving average of $37.86. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Analysts expect that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Suncor Energy

Large investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC lifted its position in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 325 shares during the period. Hanson & Doremus Investment Management raised its stake in shares of Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 465 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy during the fourth quarter worth about $35,000. Finally, Lee Danner & Bass Inc. purchased a new stake in Suncor Energy in the fourth quarter valued at approximately $36,000. 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.