Suncor Energy (NYSE:SU) Downgraded by StockNews.com to “Hold”

Suncor Energy (NYSE:SU) (TSE:SU) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and an average price target of $56.40.

Suncor Energy Trading Down 1.4 %

Shares of NYSE:SU traded down $0.52 during midday trading on Monday, reaching $36.26. The company’s stock had a trading volume of 6,720,954 shares, compared to its average volume of 4,331,175. The firm has a market cap of $45.62 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. The business has a 50 day moving average price of $39.07 and a 200 day moving average price of $38.69. Suncor Energy has a 1 year low of $31.03 and a 1 year high of $41.94. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Suncor Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cullen Investment Group LTD. grew 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 valued at $1,222,000 after purchasing an additional 262 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Suncor Energy by 6.1% in the second quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer’s stock worth $186,000 after acquiring an additional 281 shares in the last quarter. Blue Trust Inc. boosted its holdings in Suncor Energy by 11.0% in the second quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer’s stock valued at $121,000 after purchasing an additional 325 shares during the last quarter. Richardson Financial Services Inc. grew its stake 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 valued at $28,000 after purchasing an additional 328 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its position 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 in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Company Profile

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.