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

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

Several other analysts have also recently commented on the company. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Morgan Stanley cut Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and an average price target of $58.00.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded up $0.08 on Tuesday, reaching $38.28. The company's stock had a trading volume of 3,809,095 shares, compared to its average volume of 4,401,910. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy has a 52-week low of $33.79 and a 52-week high of $41.94. The company has a market capitalization of $47.64 billion, a P/E ratio of 11.10, a PEG ratio of 2.94 and a beta of 1.12. The stock has a 50-day moving average price of $38.28 and a 200-day moving average price of $38.64.

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 EPS for the quarter, topping 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%. Analysts expect that Suncor Energy will post 3.42 EPS for the current year.

Hedge Funds Weigh In On Suncor Energy

Several large investors have recently modified their holdings of SU. Covestor Ltd lifted its stake in Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after acquiring an additional 256 shares in the last quarter. Principal Securities Inc. lifted its stake in Suncor Energy by 2.2% during the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after acquiring an additional 265 shares in the last quarter. Stifel Financial Corp lifted its stake in Suncor Energy by 0.3% during the 4th quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock worth $3,408,000 after acquiring an additional 265 shares in the last quarter. X Square Capital LLC lifted its stake in Suncor Energy by 0.3% during the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock worth $2,951,000 after acquiring an additional 267 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Company Profile

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.