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

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Suncor Energy (TSE:SU) (NYSE:SU) had its price target lowered by investment analysts at Raymond James from C$32.00 to C$27.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 50.25% from the stock’s previous close.

SU has been the subject of a number of other reports. Wells Fargo & Co dropped their price objective on Suncor Energy from C$50.00 to C$25.00 in a report on Friday, March 20th. GMP Securities upped their price objective on Suncor Energy from C$39.00 to C$43.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. lowered their price target on Suncor Energy from C$33.00 to C$24.00 in a report on Monday. Canaccord Genuity lowered their price target on Suncor Energy from C$58.00 to C$40.00 in a report on Tuesday, March 10th. Finally, Evercore lowered their price target on Suncor Energy from C$45.00 to C$40.00 in a report on Monday, March 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$38.13.

SU stock opened at C$17.97 on Wednesday. The company has a market cap of $27.23 billion and a price-to-earnings ratio of 9.66. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 42.74. The business has a fifty day simple moving average of C$31.92 and a 200-day simple moving average of C$39.21. Suncor Energy has a 52 week low of C$14.02 and a 52 week high of C$46.00.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The company reported C$0.51 EPS for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.15). The firm had revenue of C$9.60 billion during the quarter, compared to analyst estimates of C$11.82 billion. As a group, analysts expect that Suncor Energy will post 2.83 earnings per share for the current fiscal year.

In related news, Senior Officer Kristopher Peter Smith purchased 8,500 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of C$29.32 per share, for a total transaction of C$249,220.00. Following the acquisition, the insider now owns 21,582 shares in the company, valued at C$632,784.24. Also, Senior Officer Michael Roderick Macsween sold 17,226 shares of the stock in a transaction 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.

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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Analyst Recommendations for Suncor Energy (TSE:SU)

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