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

Suncor Energy (TSE:SU) (NYSE:SU) had its price target decreased by analysts at Jefferies Financial Group from C$62.00 to C$55.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 10.62% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. 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 on the stock in a research report on Wednesday, August 7th. ATB Capital increased their price objective on shares of Suncor Energy from C$53.00 to C$57.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada set a C$67.00 target price on Suncor Energy and gave the company an “outperform” rating in a research report on Friday. Desjardins raised their price target on Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Finally, Scotiabank cut their price objective on Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.46.

Suncor Energy Price Performance

SU traded up C$0.19 on Monday, reaching C$49.72. 1,098,459 shares of the company’s stock were exchanged, compared to its average volume of 8,431,756. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$57.32. The stock has a market cap of C$63.14 billion, a PE ratio of 8.55, a P/E/G ratio of 0.15 and a beta of 1.49. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The stock’s fifty day moving average price is C$53.19 and its 200-day moving average price is C$52.14.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of C$11.59 billion. Sell-side analysts expect that Suncor Energy will post 4.7260019 EPS for the current year.

Insider Buying and Selling

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 stock was 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 stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. Also, Senior Officer Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was 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 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.