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.
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.
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