Suncor Energy (NYSE:SU - Get Free Report) TSE: SU was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.
Separately, Morgan Stanley upped their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.00.
Get Our Latest Stock Analysis on SU
Suncor Energy Stock Down 1.7 %
NYSE SU traded down $0.66 on Friday, hitting $37.70. The stock had a trading volume of 5,330,323 shares, compared to its average volume of 4,338,165. The business's fifty day moving average price is $35.17 and its 200 day moving average price is $33.56. 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 has a 52-week low of $27.59 and a 52-week high of $39.32. The stock has a market cap of $48.52 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 3.66 and a beta of 1.13.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.13. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. During the same period in the previous year, the company earned $1.33 earnings per share. Equities research analysts anticipate that Suncor Energy will post 3.58 earnings per share for the current year.
Hedge Funds Weigh In On Suncor Energy
A number of hedge funds have recently made changes to their positions in the stock. Pinnacle Associates Ltd. boosted its position in shares of Suncor Energy by 0.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 47,669 shares of the oil and gas producer's stock worth $1,639,000 after purchasing an additional 300 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Suncor Energy by 19.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,931 shares of the oil and gas producer's stock worth $66,000 after buying an additional 308 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Suncor Energy by 43.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer's stock worth $33,000 after buying an additional 313 shares in the last quarter. Adirondack Trust Co. lifted its holdings in Suncor Energy by 45.6% during the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer's stock worth $34,000 after buying an additional 313 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its holdings in Suncor Energy by 4.6% during the 4th quarter. Venture Visionary Partners LLC now owns 7,231 shares of the oil and gas producer's stock worth $232,000 after buying an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.
About Suncor Energy
(
Get Free Report)
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.
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