Tudor Pickering Upgrades Suncor Energy (TSE:SU) to Strong-Buy

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

Other equities analysts have also issued reports about the stock. TD Securities raised their price target on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. Scotiabank boosted their price target on Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. Royal Bank of Canada reduced their price target on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their price objective on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Suncor Energy has an average 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 firm has a market cap of C$73.72 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The business’s 50 day moving average is C$54.06 and its 200-day moving average is C$53.81. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. Suncor Energy has a 1-year low of C$42.43 and a 1-year high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, topping 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 in the previous year, the business posted $1.52 EPS. Equities research analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’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 value of C$5,995,185.00. 0.01% of the stock is owned by corporate insiders.

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.