Suncor Energy Inc. (NYSE:SU – Get Rating) (TSE:SU) shares saw unusually-strong trading volume on Friday . Approximately 230,143 shares were traded during mid-day trading, a decline of 95% from the previous session's volume of 4,408,571 shares.The stock last traded at $27.74 and had previously closed at $30.18.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SU shares. Royal Bank of Canada upgraded shares of Suncor Energy from a "sector perform" rating to an "outperform" rating in a report on Tuesday, June 21st. Raymond James downgraded shares of Suncor Energy from an "outperform" rating to a "market perform" rating in a report on Monday, July 11th. Credit Suisse Group reiterated an "outperform" rating and issued a $63.00 target price on shares of Suncor Energy in a report on Thursday, August 11th. BMO Capital Markets lifted their target price on shares of Suncor Energy from C$54.00 to C$60.00 in a report on Thursday, June 9th. Finally, National Bank Financial dropped their price target on shares of Suncor Energy from C$73.00 to C$64.00 in a research note on Monday, July 18th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.38.

Suncor Energy Stock Down 9.9 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.74 and a current ratio of 1.14. The firm has a market cap of $37.17 billion, a price-to-earnings ratio of 5.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.25. The firm has a 50-day moving average price of $31.90 and a two-hundred day moving average price of $33.98.

Suncor Energy Increases Dividend

Institutional Investors Weigh In On Suncor Energy

Several hedge funds and other institutional investors have recently made changes to their positions in SU. Carolinas Wealth Consulting LLC raised its position in shares of Suncor Energy by 60.7% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,165 shares of the oil and gas producer's stock worth $29,000 after acquiring an additional 440 shares in the last quarter. Herold Advisors Inc. acquired a new stake in shares of Suncor Energy during the 1st quarter worth about $33,000. Fortis Advisors LLC acquired a new stake in shares of Suncor Energy during the 1st quarter worth about $33,000. Ronald Blue Trust Inc. acquired a new position in Suncor Energy during the second quarter worth approximately $34,000. Finally, Corsicana & Co. acquired a new position in Suncor Energy during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 58.79% of the company's stock.

About Suncor Energy

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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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