Suncor Energy (TSE:SU) Rating Increased to Strong-Buy at Tudor Pickering

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU was upgraded by Tudor Pickering from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other analysts have also recently issued reports on SU. National Bankshares increased their target price on Suncor Energy from C$65.00 to C$68.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Jefferies Financial Group lifted their price objective on shares of Suncor Energy from C$54.00 to C$58.00 in a report on Thursday, January 30th. TD Securities increased their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, Desjardins raised shares of Suncor Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$62.54.

Suncor Energy Trading Down 1.1 %

Shares of SU stock traded down C$0.63 on Monday, reaching C$56.05. The company had a trading volume of 7,830,029 shares, compared to its average volume of 6,554,321. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The stock has a market cap of C$70.30 billion, a PE ratio of 8.85, a PEG ratio of 0.15 and a beta of 1.47. The company has a 50-day moving average of C$54.18 and a 200-day moving average of C$53.87. Suncor Energy has a 12 month low of C$42.57 and a 12 month high of C$58.58.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, beating analysts' consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. During the same period in the previous year, the firm posted $1.52 earnings per share. On average, equities analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current year.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. 0.01% of the stock is currently owned by company insiders.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.