Jefferies Financial Group Trims Suncor Energy (TSE:SU) Target Price to C$55.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price decreased by stock analysts at Jefferies Financial Group from C$62.00 to C$55.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 8.57% from the company’s previous close.

A number of other equities research analysts have also recently commented on SU. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 target price for the company in a research report on Wednesday, August 7th. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Wells Fargo & Company raised their target price on shares of Suncor Energy from C$61.00 to C$66.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price for the company in a report on Wednesday, August 7th. Finally, Raymond James raised their price target on shares of Suncor Energy from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$61.25.

Suncor Energy Price Performance

TSE SU opened at C$50.66 on Monday. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The firm’s 50 day moving average price is C$53.14 and its 200-day moving average price is C$52.11. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$57.32. The company has a market cap of C$64.34 billion, a PE ratio of 8.70, a P/E/G ratio of 0.15 and a beta of 1.49.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.21. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. The firm had revenue of C$13.04 billion for the quarter, compared to the consensus estimate of C$11.59 billion. Sell-side analysts forecast that Suncor Energy will post 4.7260019 EPS for the current fiscal year.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Also, Senior Officer Kristopher Peter Smith sold 100,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. 0.01% of the stock is owned by corporate insiders.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.