National Bank Financial Cuts Suncor Energy (TSE:SU) Price Target to C$48.00

Share on StockTwits

Suncor Energy (TSE:SU) (NYSE:SU) had its target price reduced by stock analysts at National Bank Financial from C$49.00 to C$48.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 21.18% from the stock’s previous close.

Several other equities research analysts have also issued reports on SU. Raymond James reissued a “neutral” rating and issued a C$60.00 price objective on shares of Suncor Energy in a research report on Friday, July 26th. GMP Securities dropped their price objective on shares of Suncor Energy from C$43.00 to C$42.00 in a research report on Friday, July 26th. Evercore ISI dropped their price objective on shares of Suncor Energy from C$50.00 to C$45.00 in a research report on Thursday, October 10th. Evercore dropped their price objective on shares of Suncor Energy from C$50.00 to C$45.00 in a research report on Thursday, October 10th. Finally, Citigroup dropped their price objective on shares of Suncor Energy from C$55.00 to C$47.00 in a research report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$51.65.

SU stock traded down C$0.15 on Friday, hitting C$39.61. 1,344,995 shares of the company were exchanged, compared to its average volume of 3,658,695. Suncor Energy has a twelve month low of C$35.53 and a twelve month high of C$47.20. The company has a debt-to-equity ratio of 39.95, a current ratio of 0.98 and a quick ratio of 0.61. The business’s fifty day moving average is C$40.24 and its two-hundred day moving average is C$41.12. The stock has a market capitalization of $61.93 billion and a price-to-earnings ratio of 11.03.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Wednesday, July 24th. The company reported C$0.80 EPS for the quarter, missing the consensus estimate of C$0.90 by C($0.10). The company had revenue of C$10.10 billion for the quarter, compared to analysts’ expectations of C$10.78 billion. Equities research analysts expect that Suncor Energy will post 3.1099996 earnings per share for the current year.

In other news, Senior Officer Mark Stephen Little purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of C$38.07 per share, with a total value of C$76,140.00. Following the acquisition, the insider now owns 42,702 shares in the company, valued at C$1,625,665.14. Also, Senior Officer Eric Charles Axford sold 95,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$43.09, for a total transaction of C$4,093,569.00.

About Suncor Energy

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, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

See Also: What does a bar chart mean for investors?

Analyst Recommendations for Suncor Energy (TSE:SU)

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



Latest News

Claymore CEF GS Connect ETN  Shares Up 10%
Claymore CEF GS Connect ETN Shares Up 10%
Coates International  Stock Price Down 50%
Coates International Stock Price Down 50%
ProShares Ultra Bloomberg Crude Oil  Shares Gap Up to $18.67
ProShares Ultra Bloomberg Crude Oil Shares Gap Up to $18.67
Resolute Forest Products  Shares Up 3%
Resolute Forest Products Shares Up 3%
Modine Manufacturing Co.  CEO Thomas Andrew Burke Acquires 10,000 Shares
Modine Manufacturing Co. CEO Thomas Andrew Burke Acquires 10,000 Shares
Tricida Inc  Director Robert J. Alpern Sells 2,439 Shares
Tricida Inc Director Robert J. Alpern Sells 2,439 Shares


© 2006-2019 Ticker Report