Suncor Energy (TSE:SU) PT Lowered to C$27.00

Share on StockTwits

Suncor Energy (TSE:SU) (NYSE:SU) had its target price decreased by research analysts at National Bank Financial from C$36.00 to C$27.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 50.25% from the stock’s current price.

A number of other equities research analysts also recently weighed in on SU. Tudor Pickering reissued a “buy” rating and set a C$34.00 price target on shares of Suncor Energy in a research note on Monday. Evercore ISI dropped their price target on shares of Suncor Energy from C$45.00 to C$40.00 in a research note on Monday, March 16th. Scotiabank dropped their price target on shares of Suncor Energy from C$50.00 to C$49.00 in a research note on Tuesday, January 14th. Royal Bank of Canada dropped their price target on shares of Suncor Energy from C$46.00 to C$31.00 in a research note on Monday, March 16th. Finally, Citigroup boosted their price target on shares of Suncor Energy from C$47.00 to C$50.00 in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$38.13.

Shares of SU stock opened at C$17.97 on Wednesday. Suncor Energy has a 1 year low of C$14.02 and a 1 year high of C$46.00. The firm’s 50 day moving average is C$31.92 and its 200-day moving average is C$39.21. The firm has a market capitalization of $27.23 billion and a price-to-earnings ratio of 9.66. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 42.74.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Wednesday, February 5th. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.66 by C($0.15). The firm had revenue of C$9.60 billion for the quarter, compared to the consensus estimate of C$11.82 billion. On average, equities research analysts forecast that Suncor Energy will post 2.83 earnings per share for the current fiscal year.

In other Suncor Energy news, Senior Officer Michael Roderick Macsween sold 17,226 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of C$39.10, for a total value of C$673,541.77. Also, Senior Officer Kristopher Peter Smith bought 8,500 shares of the stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of C$29.32 per share, with a total value of C$249,220.00. Following the purchase, the insider now directly owns 21,582 shares of the company’s stock, valued at approximately C$632,784.24.

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 Factors Can Affect Return on Equity?

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

Nuveen Asset Management LLC Has $48.56 Million Stake in Discovery Communications Inc.
Nuveen Asset Management LLC Has $48.56 Million Stake in Discovery Communications Inc.
Norges Bank Makes New Investment in Charles River Laboratories Intl. Inc
Norges Bank Makes New Investment in Charles River Laboratories Intl. Inc
Macquarie Group Ltd. Has $9.21 Million Stock Position in HCA Healthcare Inc
Macquarie Group Ltd. Has $9.21 Million Stock Position in HCA Healthcare Inc
Cardiovascular Systems  Given New $54.00 Price Target at Lake Street Capital
Cardiovascular Systems Given New $54.00 Price Target at Lake Street Capital
Janus Henderson Group PLC Buys New Stake in Associated Banc Corp
Janus Henderson Group PLC Buys New Stake in Associated Banc Corp
Brunswick Co.  Shares Purchased by Nuveen Asset Management LLC
Brunswick Co. Shares Purchased by Nuveen Asset Management LLC


© 2006-2020 Ticker Report