Suncor Energy Inc. (NYSE:SU) has been given a consensus rating of “Buy” by the twenty research firms that are covering the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $41.04.

Several equities research analysts have recently weighed in on the stock. TD Securities reiterated a “buy” rating and set a $41.00 target price on shares of Suncor Energy in a research note on Thursday, July 28th. Zacks Investment Research downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Morgan Stanley upgraded shares of Suncor Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 2nd. Scotiabank restated an “outperform” rating and issued a $38.00 price objective on shares of Suncor Energy in a research report on Sunday, July 31st. Finally, Macquarie upgraded shares of Suncor Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 27th.

Suncor Energy (NYSE:SU) opened at 29.17 on Wednesday. The firm’s 50-day moving average price is $28.76 and its 200 day moving average price is $27.66. The firm’s market cap is $48.57 billion. Suncor Energy has a 52 week low of $18.71 and a 52 week high of $31.52.

A number of hedge funds have recently added to or reduced their stakes in the company. Private Bank & Trust Co. purchased a new stake in Suncor Energy during the second quarter valued at approximately $271,000. Check Capital Management Inc. CA boosted its stake in Suncor Energy by 2.5% in the second quarter. Check Capital Management Inc. CA now owns 1,103,156 shares of the company’s stock valued at $30,591,000 after buying an additional 27,300 shares during the last quarter. Beacon Financial Group boosted its stake in Suncor Energy by 2.8% in the second quarter. Beacon Financial Group now owns 18,571 shares of the company’s stock valued at $509,000 after buying an additional 505 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Suncor Energy by 18.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,845 shares of the company’s stock valued at $245,000 after buying an additional 1,395 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Suncor Energy by 6.0% in the second quarter. Gulf International Bank UK Ltd now owns 502,052 shares of the company’s stock valued at $13,863,000 after buying an additional 28,428 shares during the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Company Profile

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.

5 Day Chart for NYSE:SU

Receive News & Stock Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related stocks with our FREE daily email newsletter.