Suncor Energy (NYSE:SU) Receives "Outperform" Rating from Royal Bank of Canada

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU's stock had its "outperform" rating reiterated by analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They presently have a $66.00 price objective on the oil and gas producer's stock. Royal Bank of Canada's price target suggests a potential upside of 72.28% from the company's previous close.

Other equities research analysts have also issued reports about the company. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, December 26th. Finally, Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Suncor Energy Trading Up 3.7 %

Suncor Energy stock traded up $1.35 during midday trading on Tuesday, reaching $38.31. The stock had a trading volume of 5,382,708 shares, compared to its average volume of 3,463,651. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The firm has a market cap of $47.97 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. Suncor Energy has a 52-week low of $31.03 and a 52-week high of $41.94. The company has a fifty day moving average of $37.96 and a 200 day moving average of $38.45.

Institutional Trading of Suncor Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its stake in shares of Suncor Energy by 133.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 76,651 shares of the oil and gas producer's stock worth $2,920,000 after acquiring an additional 43,779 shares in the last quarter. Candriam S.C.A. increased its position in shares of Suncor Energy by 48.7% during the second quarter. Candriam S.C.A. now owns 9,196 shares of the oil and gas producer's stock worth $350,000 after purchasing an additional 3,013 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Suncor Energy by 253.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 9,887 shares of the oil and gas producer's stock valued at $377,000 after purchasing an additional 7,092 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Suncor Energy in the 2nd quarter worth $10,075,000. Finally, Caprock Group LLC purchased a new position in Suncor Energy during the 2nd quarter worth $1,057,000. 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.