Basic material overbought stocks: Suncor Energy (NYSE:SU), Canadian Natural Resource (NYSE:CNQ), Targa Resources Partners (NYSE:NGLS), AAV

TheStreet upgraded shares of Suncor Energy (NYSE:SU) from a hold rating to a buy rating in a report issued on Thursday, AnalystRatings.NET reports. Suncor Energy Inc. (USA) (NYSE:SU) shares after opening at $35.83 moved to $36.34 on last trade day and at the end of the day closed at $ 35.97. Company price to sales ratio in past twelve months was calculated as 1.46 and price to cash ratio as 11.44. Suncor Energy Inc. (USA) (NYSE:SU) showed a positive weekly performance of 4.17%.

Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) (“Canadian Natural” or the “Company”) announces that the agreement relating to the acquisition of Devon Canada’s Canadian conventional assets, excluding Horn River and the heavy oil properties, has been completed. Canadian Natural Resource Ltd (USA) (NYSE:CNQ) shares advanced 0.71% in last trading session and ended the day on $39.73. CNQ return on equity ratio is recorded as 9.10% and its return on assets is 4.50%. Canadian Natural Resource Ltd (USA) (NYSE:CNQ) yearly performance is 32.65%.

Targa Resources Partners LP (NYSE:NGLS) is currently in a long-term gain trend which can be traced back to 2008 during which the stock was valued at $6. With share currently trading in the range of $59, a clear significant advance of almost 10-fold can be seen in the stock, and things continue to look up. The past year was sort of a challenging period for NGLS as sideway movements dominated 2013. Targa Resources Partners LP (NYSE:NGLS) shares moved up 1.94% in last trading session and was closed at $61.08 while trading in range of $60.03 – $61.26 – Targa Resources Partners LP (NYSE:NGLS) year to date (YTD) performance is 18.49%.

Advantage Oil & Gas Ltd (USA) (NYSE:AAV) had its price target lifted at TD Securities to $7 from $6.50. The firm went ahead to plant a ‘buy” recommendation on the stock. Following comments from about five rating firms, AAV has consensus “buy” rating and average price target of $5.43. Advantage Oil & Gas Ltd (USA) (NYSE:AAV) weekly performance is 7.60%. On last trading day company shares ended up $5.24. Advantage Oil & Gas Ltd (USA) (NYSE:AAV) distance from 50-day simple moving average (SMA50) is 25.47%. Analysts mean target price for the company is $5.14.