Suncor Energy (NYSE:SU) PT Raised to $52.00 at Morgan Stanley

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU had its price objective raised by investment analysts at Morgan Stanley from $50.00 to $52.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the oil and gas producer's stock. Morgan Stanley's target price suggests a potential upside of 40.88% from the company's current price.

Suncor Energy Trading Up 1.2 %

Shares of NYSE:SU traded up $0.43 during trading on Thursday, hitting $36.91. The company had a trading volume of 2,371,032 shares, compared to its average volume of 4,318,097. The stock has a market cap of $47.54 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 3.39 and a beta of 1.12. Suncor Energy has a one year low of $27.59 and a one year high of $36.97. The company has a fifty day simple moving average of $33.76 and a two-hundred day simple moving average of $33.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same period last year, the company earned $1.33 EPS. As a group, equities analysts forecast that Suncor Energy will post 3.58 earnings per share for the current year.

Institutional Investors Weigh In On Suncor Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its holdings in Suncor Energy by 13.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,045 shares of the oil and gas producer's stock worth $393,000 after purchasing an additional 1,382 shares during the period. HighTower Advisors LLC increased its holdings in Suncor Energy by 8.9% during the 1st quarter. HighTower Advisors LLC now owns 31,145 shares of the oil and gas producer's stock worth $1,013,000 after purchasing an additional 2,544 shares during the period. BlackRock Inc. increased its holdings in Suncor Energy by 41.9% during the 1st quarter. BlackRock Inc. now owns 927,375 shares of the oil and gas producer's stock worth $30,223,000 after purchasing an additional 273,853 shares during the period. Raymond James Trust N.A. increased its holdings in Suncor Energy by 40.4% during the 1st quarter. Raymond James Trust N.A. now owns 12,556 shares of the oil and gas producer's stock worth $409,000 after purchasing an additional 3,610 shares during the period. Finally, Sei Investments Co. increased its holdings in Suncor Energy by 20.5% during the 1st quarter. Sei Investments Co. now owns 11,827 shares of the oil and gas producer's stock worth $380,000 after purchasing an additional 2,015 shares during the period. 67.37% of the stock is owned by 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.