Raymond James Issues Pessimistic Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its target price lowered by Raymond James from C$56.00 to C$55.00 in a note issued to investors on Friday,BayStreet.CA reports. Raymond James' price target would suggest a potential upside of 5.02% from the stock's previous close.

Several other analysts have also issued reports on the stock. National Bankshares upped their target price on shares of Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday, November 14th. Jefferies Financial Group reduced their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a "hold" rating for the company in a research report on Monday, September 16th. Desjardins raised shares of Suncor Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, November 14th. TD Securities boosted their target price on Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company decreased their price target on Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$62.75.

Suncor Energy Trading Down 1.0 %

TSE SU traded down C$0.55 during trading hours on Friday, hitting C$52.37. 3,004,300 shares of the company's stock were exchanged, compared to its average volume of 8,227,344. The firm has a market cap of C$66.51 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.15 and a beta of 1.47. The stock has a 50-day simple moving average of C$54.62 and a 200 day simple moving average of C$53.34. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. Suncor Energy has a 1-year low of C$41.30 and a 1-year high of C$58.28.

Insider Buying and Selling

In other news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy 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 stock was 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 owned by corporate insiders.

Suncor Energy Company Profile

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.