Suncor Energy (TSE:SU) Price Target Lowered to C$73.00 at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its price target decreased by stock analysts at National Bankshares from C$77.00 to C$73.00 in a report released on Friday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 47.39% from the stock’s previous close.

A number of other research analysts have also weighed in on SU. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a research note on Wednesday, August 7th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 target price on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada dropped their price target on Suncor Energy from C$67.00 to C$64.00 in a research report on Tuesday, September 17th. Finally, Raymond James upped their price objective on 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 equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$60.96.

Suncor Energy Stock Performance

SU traded up C$0.35 during trading on Friday, hitting C$49.53. The company’s stock had a trading volume of 984,133 shares, compared to its average volume of 8,366,889. The business’s 50 day simple moving average is C$52.91 and its 200-day simple moving average is C$52.31. The firm has a market cap of C$62.90 billion, a PE ratio of 8.51, a P/E/G ratio of 0.15 and a beta of 1.49. Suncor Energy has a one year low of C$40.07 and a one year high of C$57.32. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.06 by C$0.21. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. The company had revenue of C$13.04 billion for the quarter, compared to the consensus estimate of C$11.59 billion. As a group, sell-side analysts predict that Suncor Energy will post 4.2058333 EPS for the current fiscal year.

Insider Activity at Suncor Energy

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction that occurred on 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. 0.01% of the stock is currently 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.