Suncor Energy (SU) Price Target Cut to C$48.00 by Analysts at GMP Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective reduced by GMP Securities from C$53.00 to C$48.00 in a research report sent to investors on Friday, BayStreet.CA reports.

A number of other brokerages have also weighed in on SU. CIBC lifted their target price on Suncor Energy from C$53.00 to C$56.00 in a research report on Tuesday, April 23rd. CSFB raised Suncor Energy from a neutral rating to an outperform rating and lifted their target price for the company from C$48.00 to C$52.00 in a research report on Thursday, March 14th. National Bank Financial lifted their target price on Suncor Energy from C$56.00 to C$65.00 in a research report on Monday, April 8th. Canaccord Genuity lifted their target price on Suncor Energy from C$55.00 to C$60.00 in a research report on Monday, March 11th. Finally, Evercore lowered Suncor Energy from an outperform rating to an in-line rating and decreased their target price for the company from C$58.00 to C$54.00 in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Suncor Energy has an average rating of Buy and a consensus target price of C$55.33.

Shares of TSE SU opened at C$43.11 on Friday. The company has a debt-to-equity ratio of 43.32, a current ratio of 0.88 and a quick ratio of 0.55. The firm has a market cap of $68.59 billion and a price-to-earnings ratio of 17.51. Suncor Energy has a twelve month low of C$35.53 and a twelve month high of C$55.47.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, February 5th. The company reported C$0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.56 by C($0.20). The business had revenue of C$8.95 billion during the quarter, compared to analyst estimates of C$10.82 billion. Research analysts expect that Suncor Energy will post 3.36999968447438 earnings per share for the current fiscal year.

In other news, Senior Officer Michael Roderick Macsween sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of C$42.89, for a total value of C$1,072,250.00. Also, Senior Officer Steven Walter Williams sold 30,000 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of C$43.36, for a total value of C$1,300,800.00. Following the completion of the transaction, the insider now directly owns 465,102 shares of the company’s stock, valued at C$20,166,822.72.

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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