StockNews.com Upgrades Suncor Energy (NYSE:SU) to Buy

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

SU has been the topic of several other reports. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Bank of America assumed coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Finally, Desjardins raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $58.00.

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Suncor Energy Trading Down 0.2 %

NYSE SU traded down $0.09 during trading on Thursday, hitting $35.66. The company had a trading volume of 4,952,346 shares, compared to its average volume of 4,193,041. The company's fifty day moving average is $38.29 and its 200-day moving average is $38.40. The company has a market cap of $44.11 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Suncor Energy has a one year low of $33.81 and a one year high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data 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 net margin of 11.80% and a return on equity of 15.37%. On average, sell-side analysts predict that Suncor Energy will post 3.42 earnings per share for the current year.

Institutional Trading of Suncor Energy

Institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its holdings in shares of Suncor Energy by 1,324.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer's stock valued at $123,774,000 after purchasing an additional 3,225,543 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock valued at $346,298,000 after acquiring an additional 2,767,043 shares during the period. Jupiter Asset Management Ltd. grew its stake in shares of Suncor Energy by 2,061.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock worth $86,990,000 after acquiring an additional 2,325,503 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Suncor Energy by 500.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer's stock valued at $87,459,000 after purchasing an additional 2,044,680 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Suncor Energy by 97.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock valued at $133,250,000 after purchasing an additional 1,842,791 shares during the period. 67.37% of the stock is currently 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.