Suncor Energy (NYSE:SU) Lowered to "Hold" Rating by StockNews.com

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also weighed in on the company. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Morgan Stanley lowered Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Finally, Desjardins upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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Suncor Energy Trading Up 0.3 %

Shares of SU opened at $35.85 on Friday. Suncor Energy has a 12-month low of $33.81 and a 12-month high of $41.95. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $44.35 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 2.94 and a beta of 1.11. The stock's 50-day moving average price is $38.28 and its 200 day moving average price is $38.29.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) 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%. As a group, research analysts predict that Suncor Energy will post 3.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its position in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 256 shares during the last quarter. Principal Securities Inc. boosted its position in Suncor Energy by 2.2% in the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock valued at $443,000 after buying an additional 265 shares during the last quarter. Stifel Financial Corp boosted its position in Suncor Energy by 0.3% in the 4th quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock valued at $3,408,000 after buying an additional 265 shares during the last quarter. X Square Capital LLC boosted its position in Suncor Energy by 0.3% in the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock valued at $2,951,000 after buying an additional 267 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after buying an additional 300 shares during the last quarter. 67.37% of the stock is currently 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.

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