Suncor Energy Inc. (NYSE:SU) has been assigned an average rating of “Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $39.95.

A number of research analysts have recently issued reports on the stock. Vetr downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Thursday, October 22nd. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, October 7th. National Bank Financial upgraded shares of Suncor Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 30th. Finally, Scotiabank restated a “sector outperform” rating and issued a $43.00 price target on shares of Suncor Energy in a research report on Sunday, November 1st.

Several hedge funds have recently bought and sold shares of SU. ING Groep purchased a new stake in Suncor Energy during the third quarter valued at about $238,000. Creative Planning raised its stake in Suncor Energy by 3.5% in the fourth quarter. Creative Planning now owns 12,722 shares of the company’s stock valued at $328,000 after buying an additional 434 shares during the last quarter. Raymond James Trust raised its stake in Suncor Energy by 15.9% in the fourth quarter. Raymond James Trust now owns 19,849 shares of the company’s stock valued at $512,000 after buying an additional 2,716 shares during the last quarter. Cubic Asset Management LLC raised its stake in Suncor Energy by 1.1% in the fourth quarter. Cubic Asset Management LLC now owns 81,388 shares of the company’s stock valued at $2,100,000 after buying an additional 875 shares during the last quarter. Finally, Acadian Asset Management raised its stake in Suncor Energy by 1,442.9% in the fourth quarter. Acadian Asset Management now owns 140,400 shares of the company’s stock valued at $3,610,000 after buying an additional 131,300 shares during the last quarter.

Shares of Suncor Energy (NYSE:SU) opened at 23.34 on Tuesday. The firm has a market cap of $33.74 billion and a PE ratio of 542.79. The firm has a 50-day moving average of $24.01 and a 200-day moving average of $26.60. Suncor Energy has a 52 week low of $18.71 and a 52 week high of $33.49.

Suncor Energy (NYSE:SU) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. On average, analysts expect that Suncor Energy will post $1.09 EPS for the current year.

Suncor Energy Inc. (NYSE:SU) is an 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, and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations. Its Exploration and Production segment consists of offshore operations off the east coast of Canada and in the North Sea, and onshore assets in North America, Libya and Syria. The Company’s Refining and Marketing segment is engaged in Refining and Supply, and Downstream Marketing. In addition, the Company explores, for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally. The Company also transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada.

12 Month Chart for NYSE:SU

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