Suncor Energy (TSE:SU) (NYSE:SU) had its price objective reduced by investment analysts at National Bank Financial from C$65.00 to C$59.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 35.88% from the company’s previous close.
SU has been the subject of several other reports. Evercore ISI lowered shares of Suncor Energy from an “outperform” rating to an “in-line” rating and cut their price target for the company from C$58.00 to C$54.00 in a research report on Wednesday, April 3rd. CIBC increased their target price on shares of Suncor Energy from C$53.00 to C$56.00 in a report on Tuesday, April 23rd. Evercore lowered shares of Suncor Energy from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from C$58.00 to C$54.00 in a report on Wednesday, April 3rd. GMP Securities increased their target price on shares of Suncor Energy from C$46.00 to C$47.00 in a report on Thursday, February 7th. Finally, Morgan Stanley dropped their target price on shares of Suncor Energy from C$58.00 to C$52.00 in a report on Wednesday, January 30th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Suncor Energy presently has an average rating of “Buy” and an average target price of C$55.26.
TSE SU traded up C$0.81 during trading on Friday, hitting C$43.42. 1,405,819 shares of the company’s stock traded hands, compared to its average volume of 3,883,461. The company has a quick ratio of 0.52, a current ratio of 0.84 and a debt-to-equity ratio of 39.43. Suncor Energy has a 12-month low of C$35.53 and a 12-month high of C$55.47. The firm has a market cap of $69.71 billion and a price-to-earnings ratio of 21.50.
In other Suncor Energy news, Senior Officer Michael Roderick Macsween sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of C$42.89, for a total transaction of C$1,072,250.00. Also, Senior Officer Steven Walter Williams sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of C$43.36, for a total transaction of C$1,300,800.00. Following the transaction, the insider now directly owns 465,102 shares of the company’s stock, valued at approximately C$20,166,822.72.
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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