Suncor Energy (NYSE:SU) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Suncor Energy (NYSE:SU - Free Report) TSE: SU from a hold rating to a buy rating in a research note released on Tuesday.

Other equities analysts also recently issued research reports about the company. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.20.

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Suncor Energy Trading Down 10.8 %

NYSE SU traded down $3.98 during trading hours on Tuesday, hitting $32.80. 4,941,659 shares of the company were exchanged, compared to its average volume of 4,371,285. Suncor Energy has a 52 week low of $32.79 and a 52 week 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 stock has a 50-day moving average price of $38.05 and a 200 day moving average price of $38.22. The stock has a market cap of $40.58 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Analysts forecast that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were issued a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend was Tuesday, March 4th. Suncor Energy's dividend payout ratio is presently 45.51%.

Hedge Funds Weigh In On Suncor Energy

Institutional investors have recently bought and sold shares of the business. HHM Wealth Advisors LLC boosted its stake in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after buying an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in Suncor Energy in the 4th quarter worth about $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy during the fourth quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new stake in Suncor Energy in the fourth quarter valued at approximately $39,000. Finally, Covestor Ltd increased its position in shares of Suncor Energy by 30.5% in the fourth 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 in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

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.