Suncor Energy (TSE:SU) (NYSE:SU) had its target price lowered by equities research analysts at TD Securities from C$51.00 to C$50.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 28.44% from the stock’s current price.
Several other research analysts also recently issued reports on SU. Evercore downgraded Suncor Energy from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from C$58.00 to C$54.00 in a research note on Wednesday, April 3rd. Raymond James reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Colfax in a research note on Thursday, May 2nd. Evercore ISI downgraded Suncor Energy from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from C$58.00 to C$54.00 in a research note on Wednesday, April 3rd. GMP Securities reaffirmed a “buy” rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $2.50 price objective on shares of in a research note on Thursday, July 18th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$54.53.
Shares of Suncor Energy stock traded down C$1.17 on Thursday, hitting C$38.93. The stock had a trading volume of 2,528,783 shares, compared to its average volume of 3,582,862. The company has a 50 day moving average of C$41.26. Suncor Energy has a twelve month low of C$35.53 and a twelve month high of C$55.47. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 43.32. The stock has a market capitalization of $64.44 billion and a price-to-earnings ratio of 15.81.
Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Wednesday, May 1st. The company reported C$0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.51 by C$0.26. The firm had revenue of C$9.40 billion during the quarter, compared to analyst estimates of C$9.37 billion. On average, equities analysts anticipate that Suncor Energy will post 3.4399998 earnings per share for the current year.
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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