Suncor Energy (SU) Stock Rating Lowered by TD Securities

Suncor Energy (NYSE:SU) (TSE:SU) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a report issued on Thursday, November 16th. They presently have a $50.00 price target on the oil and gas producer’s stock. TD Securities’ price target would suggest a potential upside of 45.14% from the company’s current price.

SU has been the topic of several other research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Suncor Energy in a research report on Thursday, October 26th. Wolfe Research raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, October 16th. Morgan Stanley boosted their price target on shares of Suncor Energy from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Zacks Investment Research lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, BidaskClub lowered shares of Suncor Energy from a “hold” rating to a “sell” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $43.14.

Suncor Energy (NYSE SU) opened at $34.45 on Thursday. The stock has a market cap of $58,085.52, a PE ratio of 30.26, a PEG ratio of 3.27 and a beta of 0.85. Suncor Energy has a twelve month low of $27.96 and a twelve month high of $36.71. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.80 billion. sell-side analysts anticipate that Suncor Energy will post 1.26 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in Suncor Energy by 694.5% in the 1st quarter. Renaissance Technologies LLC now owns 258,540 shares of the oil and gas producer’s stock worth $7,945,000 after purchasing an additional 226,000 shares in the last quarter. Janus Capital Management LLC bought a new position in shares of Suncor Energy in the 1st quarter worth about $709,000. Gateway Investment Advisers LLC increased its stake in shares of Suncor Energy by 0.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock worth $516,000 after acquiring an additional 116 shares in the last quarter. Aperio Group LLC increased its stake in shares of Suncor Energy by 2.2% in the 2nd quarter. Aperio Group LLC now owns 263,966 shares of the oil and gas producer’s stock worth $7,708,000 after acquiring an additional 5,761 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Suncor Energy in the 2nd quarter worth about $1,258,000. Institutional investors own 65.61% of the company’s stock.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based 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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