Suncor Energy Inc. (NYSE:SU) (TSE:SU) had its target price hoisted by stock analysts at Morgan Stanley from $48.00 to $52.00 in a research note issued to investors on Friday. The firm presently has an “overweight” rating on the oil and gas producer’s stock. Morgan Stanley’s target price would indicate a potential upside of 54.03% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on SU. National Bank Financial started coverage on Suncor Energy in a report on Tuesday, June 27th. They issued an “outperform” rating for the company. Piper Jaffray Companies dropped their target price on Suncor Energy from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. Zacks Investment Research raised Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, July 4th. Barclays PLC reissued an “overweight” rating and issued a $52.00 target price (up from $47.00) on shares of Suncor Energy in a report on Wednesday, July 12th. Finally, BidaskClub raised Suncor Energy from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Suncor Energy presently has an average rating of “Buy” and a consensus price target of $44.02.

Shares of Suncor Energy (NYSE:SU) traded down 0.06% during midday trading on Friday, hitting $33.74. The stock had a trading volume of 604,014 shares. Suncor Energy has a 12-month low of $27.96 and a 12-month high of $35.18. The firm has a 50-day moving average of $33.54 and a 200 day moving average of $31.53. The firm has a market cap of $55.99 billion, a PE ratio of 25.37 and a beta of 0.83.

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Hedge funds have recently added to or reduced their stakes in the stock. First Personal Financial Services increased its holdings in Suncor Energy by 144.1% during the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after purchasing an additional 2,270 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Suncor Energy by 13.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock valued at $136,000 after purchasing an additional 562 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Suncor Energy by 90.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock valued at $124,000 after purchasing an additional 2,248 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Suncor Energy by 680.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock valued at $167,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its holdings in Suncor Energy by 546.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,360 shares of the oil and gas producer’s stock valued at $344,000 after purchasing an additional 5,376 shares in the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Analyst Recommendations for Suncor Energy  (NYSE:SU)

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