National Bankshares Cuts Suncor Energy (TSE:SU) Price Target to C$65.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target dropped by analysts at National Bankshares from C$76.00 to C$65.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 31.05% from the stock’s previous close.

A number of other analysts have also recently weighed in on SU. Scotiabank raised their price target on Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. TD Securities raised their target price on Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Jefferies Financial Group lowered their price target on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. UBS Group raised their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$61.89.

Suncor Energy Trading Down 0.4 %

Shares of TSE:SU opened at C$49.60 on Thursday. Suncor Energy has a 52 week low of C$41.88 and a 52 week high of C$58.28. The company’s 50 day moving average is C$54.19 and its two-hundred day moving average is C$53.20. The company has a market cap of C$62.99 billion, a PE ratio of 8.52, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98.

Insider Buying and Selling

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. 0.01% of the stock is currently owned by corporate insiders.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.