The Suncor Energy Inc. (SU) Stock Rating Upgraded by TheStreet, Report finds

The Suncor Energy  Inc. (SU) Stock Rating Upgraded by TheStreet, Report finds

SU has been the subject of several other research reports. Nomura reiterated a “buy” rating and set a $45.00 target price on shares of Suncor Energy in a research report on Monday, November 7th. Zacks Investment Research raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, October 28th. BMO Capital Markets reissued an “outperform” rating and issued a $50.00 price target on shares of Suncor Energy in a report on Monday, November 21st. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, December 1st. Finally, Morgan Stanley raised shares of Suncor Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 2nd. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Suncor Energy has a consensus rating of “Buy” and an average target price of $41.81.

Suncor Energy Inc. (NYSE:SU) (TSE:SU) was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued on Thursday.

Shares of Suncor Energy (NYSE:SU) opened at 31.71 on Thursday. The firm has a market capitalization of $52.83 billion, a price-to-earnings ratio of 153.93 and a beta of 0.96. The firm’s 50-day moving average price is $32.06 and its 200 day moving average price is $29.70. Suncor Energy has a 52 week low of $21.45 and a 52 week high of $33.79.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 3rd will be issued a $0.2457 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.10%. This is a boost from Suncor Energy ‘s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, March 1st. Suncor Energy ‘s dividend payout ratio is presently 477.78%.

Several large investors have recently modified their holdings of SU. Lincoln National Corp boosted its stake in shares of Suncor Energy by 0.3% in the third quarter. Lincoln National Corp now owns 24,726 shares of the company’s stock worth $687,000 after buying an additional 86 shares during the last quarter. MSI Financial Services Inc boosted its stake in shares of Suncor Energy by 3.2% in the third quarter. MSI Financial Services Inc now owns 4,504 shares of the company’s stock worth $125,000 after buying an additional 139 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Suncor Energy by 1.7% in the third quarter. Advisory Services Network LLC now owns 8,412 shares of the company’s stock worth $234,000 after buying an additional 142 shares during the last quarter. Fairfield Bush & CO. boosted its position in Suncor Energy by 2.2% in the third quarter. Fairfield Bush & CO. now owns 8,490 shares of the company’s stock valued at $236,000 after buying an additional 185 shares in the last quarter. Finally, Simmons Bank boosted its position in Suncor Energy by 2.4% in the third quarter. Simmons Bank now owns 9,528 shares of the company’s stock valued at $265,000 after buying an additional 220 shares in the last quarter. 64.84% of the stock is currently owned by institutional investors.

About Suncor Energy

Suncor Energy Inc (Suncor) 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 (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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