Suncor Energy (NYSE:SU) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• Suncor Energy's stock has been given a "Hold (C+)" rating by Weiss Ratings, indicating a neutral outlook from investment analysts.
• The company's average rating is a "Moderate Buy" with a consensus target price of $65.00, despite a recent downgrade to "strong sell" by Zacks Research.
• Suncor Energy's shares are currently trading at around $39.80, showing a slight increase of 0.5% in value.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU's stock had its "hold (c+)" rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Several other research analysts also recently commented on SU. Zacks Research downgraded shares of Suncor Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $65.00 target price on shares of Suncor Energy in a research note on Friday, October 3rd. Finally, Wells Fargo & Company assumed coverage on shares of Suncor Energy in a research note on Friday, October 17th. They issued an "equal weight" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and a consensus target price of $65.00.

Suncor Energy Stock Up 0.5%

Shares of NYSE SU opened at $39.80 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. Suncor Energy has a 52 week low of $30.79 and a 52 week high of $43.48. The firm's fifty day moving average is $40.71 and its 200 day moving average is $38.42. The company has a market cap of $48.12 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 3.49 and a beta of 0.78.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $11.56 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. On average, equities research analysts expect that Suncor Energy will post 3.42 earnings per share for the current year.

Institutional Trading of Suncor Energy

Several large investors have recently added to or reduced their stakes in the stock. Ascent Group LLC boosted its holdings in Suncor Energy by 4.7% in the second quarter. Ascent Group LLC now owns 5,769 shares of the oil and gas producer's stock valued at $216,000 after acquiring an additional 260 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of Suncor Energy by 1.2% during the 3rd quarter. Archford Capital Strategies LLC now owns 23,617 shares of the oil and gas producer's stock valued at $987,000 after buying an additional 272 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Suncor Energy by 27.6% during the 2nd quarter. IFP Advisors Inc now owns 1,428 shares of the oil and gas producer's stock valued at $53,000 after buying an additional 309 shares in the last quarter. Transamerica Financial Advisors LLC boosted its holdings in shares of Suncor Energy by 18.4% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 2,081 shares of the oil and gas producer's stock valued at $78,000 after buying an additional 323 shares in the last quarter. Finally, Winthrop Capital Management LLC boosted its holdings in shares of Suncor Energy by 2.6% during the 1st quarter. Winthrop Capital Management LLC now owns 13,654 shares of the oil and gas producer's stock valued at $529,000 after buying an additional 352 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

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.

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