Suncor Energy (NYSE:SU) Rating Lowered to Hold at StockNews.com

Suncor Energy (NYSE:SU) (TSE:SU) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other equities analysts have also commented on the company. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research report on Friday, December 20th. Finally, Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Stock Up 0.4 %

Shares of NYSE:SU opened at $35.18 on Thursday. The company’s fifty day moving average is $38.51 and its 200-day moving average is $38.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. Suncor Energy has a 52 week low of $31.03 and a 52 week high of $41.94. The company has a market capitalization of $44.26 billion, a PE ratio of 7.66, a P/E/G ratio of 2.43 and a beta of 1.11.

Hedge Funds Weigh In On Suncor Energy

Several institutional investors and hedge funds have recently made changes to their positions in SU. Cullen Investment Group LTD. raised its holdings in Suncor Energy by 0.8% during the 3rd quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock worth $1,222,000 after buying an additional 262 shares during the period. Richardson Financial Services Inc. increased its holdings in Suncor Energy by 82.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 328 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Suncor Energy by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer’s stock valued at $276,000 after purchasing an additional 354 shares during the period. X Square Capital LLC grew its holdings in shares of Suncor Energy by 0.5% during the second quarter. X Square Capital LLC now owns 79,664 shares of the oil and gas producer’s stock worth $3,035,000 after buying an additional 388 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Suncor Energy by 1.5% in the second quarter. Signaturefd LLC now owns 26,530 shares of the oil and gas producer’s stock valued at $1,011,000 after purchasing an additional 402 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.