Suncor Energy Target of Unusually High Options Trading (NYSE:SU)

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Suncor Energy Inc. (NYSE:SUGet Rating) (TSE:SU) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 28,315 put options on the stock. This is an increase of approximately 2,998% compared to the average volume of 914 put options.

A number of large investors have recently modified their holdings of the stock. Fisher Asset Management LLC acquired a new position in Suncor Energy in the 1st quarter worth approximately $261,000. Qtron Investments LLC grew its stake in shares of Suncor Energy by 29.8% during the 1st quarter. Qtron Investments LLC now owns 31,769 shares of the oil and gas producer’s stock worth $1,035,000 after purchasing an additional 7,287 shares during the period. New York State Common Retirement Fund grew its stake in shares of Suncor Energy by 127.2% during the 1st quarter. New York State Common Retirement Fund now owns 169,071 shares of the oil and gas producer’s stock worth $5,510,000 after purchasing an additional 94,671 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Suncor Energy by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 2,773,044 shares of the oil and gas producer’s stock worth $90,355,000 after purchasing an additional 84,595 shares during the period. Finally, Advisor Group Holdings Inc. grew its stake in shares of Suncor Energy by 38.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 79,719 shares of the oil and gas producer’s stock worth $2,416,000 after purchasing an additional 22,317 shares during the period. Institutional investors own 58.48% of the company’s stock.

A number of equities research analysts recently issued reports on SU shares. StockNews.com started coverage on shares of Suncor Energy in a research note on Thursday, March 31st. They set a “buy” rating on the stock. National Bank Financial upped their price target on shares of Suncor Energy from C$52.00 to C$54.00 in a research note on Thursday, April 14th. Tudor, Pickering, Holt & Co. downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 4th. Scotiabank boosted their price objective on shares of Suncor Energy from C$45.00 to C$46.00 in a research report on Monday, April 18th. Finally, CIBC boosted their price objective on shares of Suncor Energy from C$50.00 to C$60.00 in a research report on Thursday, April 14th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $43.54.

Shares of Suncor Energy stock opened at $36.91 on Friday. The firm has a market capitalization of $52.53 billion, a P/E ratio of 16.63, a PEG ratio of 0.55 and a beta of 1.35. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $32.83 and a 200 day moving average price of $28.57. Suncor Energy has a 52 week low of $17.10 and a 52 week high of $37.93.

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 2nd. The oil and gas producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05). The company had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8 billion. Suncor Energy had a net margin of 10.53% and a return on equity of 10.44%. During the same period in the previous year, the business earned ($0.07) earnings per share. As a group, research analysts anticipate that Suncor Energy will post 4.84 earnings per share for the current fiscal year.

About Suncor Energy (Get Rating)

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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