Suncor Energy (NYSE:SU) (TSE:SU)‘s stock had its “buy” rating restated by stock analysts at Raymond James in a research note issued to investors on Friday.
Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut Suncor Energy from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 11th. CIBC started coverage on Suncor Energy in a research note on Friday, October 5th. They issued a “sector outperform” rating on the stock. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Monday, October 8th. ValuEngine cut Suncor Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Finally, Macquarie upgraded Suncor Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.17.
NYSE:SU opened at $33.56 on Friday. The firm has a market capitalization of $54.28 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.43 and a beta of 0.98. Suncor Energy has a 12-month low of $31.33 and a 12-month high of $42.55. The company has a quick ratio of 0.56, a current ratio of 0.90 and a debt-to-equity ratio of 0.30.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Thornburg Investment Management Inc. acquired a new stake in shares of Suncor Energy during the third quarter worth about $82,982,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Suncor Energy by 11.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 31,874 shares of the oil and gas producer’s stock worth $1,233,000 after purchasing an additional 3,299 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Suncor Energy during the third quarter worth about $187,000. Comerica Bank increased its position in shares of Suncor Energy by 2.8% during the third quarter. Comerica Bank now owns 101,478 shares of the oil and gas producer’s stock worth $3,496,000 after purchasing an additional 2,775 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of Suncor Energy by 11.6% during the third quarter. Synovus Financial Corp now owns 17,942 shares of the oil and gas producer’s stock worth $694,000 after purchasing an additional 1,862 shares in the last quarter. Institutional investors and hedge funds own 65.59% of the company’s stock.
About Suncor Energy
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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