Suncor Energy (TSE:SU) PT Lowered to C$73.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price dropped by equities research analysts at National Bankshares from C$77.00 to C$73.00 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 46.65% from the company’s previous close.

A number of other brokerages have also recently issued reports on SU. Jefferies Financial Group dropped their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Royal Bank of Canada dropped their price target on shares of Suncor Energy from C$67.00 to C$64.00 in a research report on Tuesday, September 17th. Desjardins lifted their price objective on Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 target price for the company in a report on Wednesday, August 7th. Finally, Raymond James raised their target price on Suncor Energy from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$60.96.

Suncor Energy Trading Up 1.2 %

Shares of SU opened at C$49.78 on Friday. The stock’s 50-day moving average price is C$52.84 and its 200 day moving average price is C$52.37. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The firm has a market capitalization of C$63.22 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 0.15 and a beta of 1.49. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.32.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.21. The business had revenue of C$13.04 billion for the quarter, compared to analysts’ expectations of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. As a group, research analysts predict that Suncor Energy will post 4.2058333 earnings per share for the current year.

Insider Transactions at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. Company insiders own 0.01% of the company’s stock.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.