Suncor Energy (NYSE:SU) (TSE:SU) was downgraded by investment analysts at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Tuesday.
Several other equities research analysts also recently issued reports on SU. Zacks Investment Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Piper Jaffray Companies restated a “buy” rating and set a $44.00 target price on shares of Suncor Energy in a research report on Friday, February 23rd. UBS Group assumed coverage on Suncor Energy in a research report on Wednesday, March 7th. They issued a “buy” rating on the stock. Bank of America assumed coverage on Suncor Energy in a research report on Thursday, April 5th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, ValuEngine upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $50.00.
Shares of NYSE SU opened at $40.17 on Tuesday. Suncor Energy has a 1-year low of $27.96 and a 1-year high of $41.81. The firm has a market cap of $67.79 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.55.
Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, May 1st. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.60 billion. Suncor Energy had a return on equity of 7.54% and a net margin of 11.85%. analysts anticipate that Suncor Energy will post 2.32 earnings per share for the current year.
Several large investors have recently made changes to their positions in SU. SeaCrest Wealth Management LLC bought a new stake in shares of Suncor Energy in the fourth quarter worth about $100,000. Gables Capital Management Inc. bought a new stake in shares of Suncor Energy in the first quarter worth about $149,000. Avestar Capital LLC bought a new stake in shares of Suncor Energy in the fourth quarter worth about $148,000. Signaturefd LLC bought a new stake in shares of Suncor Energy in the first quarter worth about $152,000. Finally, Fortis Advisors LLC grew its stake in shares of Suncor Energy by 164.7% in the first quarter. Fortis Advisors LLC now owns 4,500 shares of the oil and gas producer’s stock worth $155,000 after purchasing an additional 2,800 shares during the last quarter. 65.42% of the stock is currently owned by hedge funds and other institutional investors.
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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