Evercore ISI Cuts Suncor Energy (TSE:SU) Price Target to C$45.00

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Suncor Energy (TSE:SU) (NYSE:SU) had its price target reduced by Evercore ISI from C$50.00 to C$45.00 in a research report sent to investors on Thursday morning, Stock Target Advisor reports.

SU has been the topic of several other reports. CSFB lowered their target price on Suncor Energy from C$53.00 to C$52.00 in a research note on Thursday, August 29th. Raymond James reiterated a neutral rating and issued a C$60.00 target price on shares of Suncor Energy in a research note on Friday, July 26th. CIBC lowered their target price on Suncor Energy from C$56.00 to C$55.00 in a research note on Thursday, July 18th. Citigroup lowered their target price on Suncor Energy from C$55.00 to C$47.00 in a research note on Tuesday, October 8th. Finally, National Bank Financial downgraded Suncor Energy from an outperform rating to a sector perform rating and lowered their target price for the company from C$55.00 to C$49.00 in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Suncor Energy presently has an average rating of Hold and an average price target of C$52.00.

Shares of SU stock opened at C$39.36 on Thursday. The business’s 50 day moving average is C$39.98 and its two-hundred day moving average is C$41.26. Suncor Energy has a twelve month low of C$35.53 and a twelve month high of C$48.30. The company has a market capitalization of $61.31 billion and a P/E ratio of 10.97. The company has a current ratio of 0.98, a quick ratio of 0.61 and a debt-to-equity ratio of 39.95.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Wednesday, July 24th. The company reported C$0.80 earnings per share for the quarter, missing the consensus estimate of C$0.90 by C($0.10). The business had revenue of C$10.10 billion during the quarter, compared to the consensus estimate of C$10.78 billion. As a group, equities analysts predict that Suncor Energy will post 3.1099996 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a $0.42 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a dividend yield of 4.27%. Suncor Energy’s dividend payout ratio is currently 46.81%.

In other Suncor Energy news, Senior Officer Mark Stephen Little purchased 2,000 shares of Suncor Energy stock in a transaction dated 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 directly owns 42,702 shares of the company’s stock, 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 that occurred on Monday, September 16th. The shares were sold at an average price of C$43.09, for a total value of C$4,093,569.00.

Suncor Energy Company Profile

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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