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Suncor Energy (NYSE:SU) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $48.00 target price on the stock. Stifel Nicolaus’ target price indicates a potential upside of 20.69% from the stock’s previous close.

Shares of Suncor Energy (NYSE:SU) traded up 0.73% on Tuesday, hitting $40.06. The stock had a trading volume of 2,794,937 shares. Suncor Energy has a 52 week low of $28.32 and a 52 week high of $39.96. The stock has a 50-day moving average of $38.67 and a 200-day moving average of $35.1. The company has a market cap of $58.823 billion and a P/E ratio of 15.04.

Suncor Energy (NYSE:SU) last posted its quarterly earnings results on Monday, April 28th. The company reported $1.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.19. Analysts expect that Suncor Energy will post $3.90 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.2085 per share. This represents a $0.83 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, June 2nd.

A number of other firms have also recently commented on SU. Analysts at FirstEnergy Capital downgraded shares of Suncor Energy to a “market perform” rating in a research note on Wednesday, May 7th. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Suncor Energy in a research note on Tuesday, April 29th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Suncor Energy in a research note on Monday, April 21st. They now have a $39.00 price target on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.75.

Suncor Energy Inc (NYSE:SU) is an integrated energy company.

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