Suncor Energy (TSE:SU) Upgraded at Tudor Pickering

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by Tudor Pickering from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also weighed in on SU. Wells Fargo & Company lowered their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Scotiabank increased their price objective on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their target price on Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada lowered their target price on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.54.

Suncor Energy Price Performance

Shares of TSE SU opened at C$58.05 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The company has a market capitalization of C$73.72 billion, a PE ratio of 9.97, a P/E/G ratio of 0.15 and a beta of 1.47. The firm has a fifty day simple moving average of C$54.06 and a 200 day simple moving average of C$53.81. Suncor Energy has a twelve month low of C$42.43 and a twelve month high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, beating the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same quarter last year, the business posted $1.52 EPS. On average, sell-side analysts forecast that Suncor Energy will post 4.4208333 EPS for the current year.

Insider Buying and Selling at Suncor Energy

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.