Suncor Energy Inc. (NYSE:SU) (TSE:SU)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a note issued to investors on Monday. They presently have a $51.00 target price on the oil and gas producer’s stock. Canaccord Genuity’s price objective suggests a potential upside of 51.65% from the stock’s previous close.

Several other brokerages also recently commented on SU. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday, October 11th. Morgan Stanley lifted their target price on Suncor Energy from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday. Wolfe Research upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Monday. BidaskClub upgraded Suncor Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, AltaCorp Capital downgraded Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $43.94.

Suncor Energy (SU) traded down 0.30% during midday trading on Monday, hitting $33.63. The stock had a trading volume of 4,445,602 shares. The firm has a 50-day moving average price of $33.67 and a 200-day moving average price of $31.56. The firm has a market capitalization of $55.80 billion, a price-to-earnings ratio of 26.27 and a beta of 0.83. Suncor Energy has a 1-year low of $27.96 and a 1-year high of $35.18.

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Several large investors have recently added to or reduced their stakes in the company. Financial Architects Inc lifted its position in shares of Suncor Energy by 1.4% during the 2nd quarter. Financial Architects Inc now owns 6,806 shares of the oil and gas producer’s stock valued at $199,000 after acquiring an additional 93 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of Suncor Energy by 0.7% during the 2nd quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock valued at $516,000 after acquiring an additional 116 shares during the period. Advisory Services Network LLC lifted its position in shares of Suncor Energy by 3.9% during the 2nd quarter. Advisory Services Network LLC now owns 6,470 shares of the oil and gas producer’s stock valued at $189,000 after acquiring an additional 245 shares during the period. Peapack Gladstone Financial Corp lifted its position in shares of Suncor Energy by 3.2% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 13,593 shares of the oil and gas producer’s stock valued at $397,000 after acquiring an additional 417 shares during the period. Finally, Lincoln National Corp lifted its position in shares of Suncor Energy by 1.9% during the 2nd quarter. Lincoln National Corp now owns 25,046 shares of the oil and gas producer’s stock valued at $731,000 after acquiring an additional 463 shares during the period. Hedge funds and other institutional investors own 64.00% of the company’s stock.

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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