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

Suncor Energy (NYSE:SU) (TSE:SU) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other research analysts have also recently weighed in on the stock. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, BMO Capital Markets upgraded 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 issued a buy rating to the stock. According to data from MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and an average target price of $56.40.

Suncor Energy Stock Up 0.4 %

Shares of NYSE:SU traded up $0.16 during trading on Tuesday, hitting $40.98. 3,156,984 shares of the company’s stock traded hands, compared to its average volume of 4,266,614. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $38.56 and a 200-day moving average price of $38.81. Suncor Energy has a 52 week low of $29.45 and a 52 week high of $41.94. The company has a market cap of $51.70 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 2.79 and a beta of 1.12.

Institutional Trading of Suncor Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SU. Eastern Bank acquired a new stake in shares of Suncor Energy in the third quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new stake in Suncor Energy during the 2nd quarter valued at $26,000. Summit Securities Group LLC bought a new position in Suncor Energy during the second quarter worth $27,000. Richardson Financial Services Inc. increased its holdings 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 last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of Suncor Energy in the second quarter valued at about $29,000. 67.37% of the stock is owned by 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.