Suncor Energy (NYSE:SU - Get Free Report) TSE: SU was upgraded by Desjardins from a "hold" rating to a "buy" rating in a report released on Thursday, Marketbeat.com reports.
SU has been the topic of several other reports. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. Wolfe Research initiated coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They issued an "outperform" rating and a $68.00 price objective on the stock. TD Securities upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, August 7th. Finally, BMO Capital Markets raised shares of Suncor Energy from a "market perform" rating to an "outperform" rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.40.
Check Out Our Latest Stock Report on SU
Suncor Energy Stock Up 2.7 %
Shares of SU traded up $1.06 during midday trading on Thursday, reaching $40.66. The stock had a trading volume of 3,372,951 shares, compared to its average volume of 4,247,183. Suncor Energy has a 1-year low of $29.45 and a 1-year high of $41.94. The company's fifty day simple moving average is $38.29 and its two-hundred day simple moving average is $38.74. The company has a market cap of $51.30 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 2.70 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93.
Hedge Funds Weigh In On Suncor Energy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Eastern Bank purchased a new stake in Suncor Energy during the third quarter worth approximately $25,000. Trust Co. of Vermont purchased a new position in shares of Suncor Energy in the second quarter valued at $26,000. Summit Securities Group LLC purchased a new position in shares of Suncor Energy in the second quarter valued at $27,000. Richardson Financial Services Inc. boosted its stake in shares of Suncor Energy by 82.8% in the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 328 shares during the period. Finally, Ridgewood Investments LLC purchased a new position in shares of Suncor Energy in the second quarter valued at $29,000. Institutional investors and hedge funds own 67.37% of the company's stock.
About Suncor Energy
(
Get Free Report)
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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