Suncor Energy (TSE:SU) Price Target Cut to C$73.00

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its target price reduced by research analysts at National Bankshares from C$77.00 to C$73.00 in a report released on Friday, BayStreet.CA reports. National Bankshares' target price would indicate a potential upside of 46.65% from the company's previous close.

SU has been the subject of a number of other reports. Wolfe Research raised shares of Suncor Energy to a "strong-buy" rating in a report on Thursday, July 18th. BMO Capital Markets upgraded Suncor Energy from a "market perform" rating to an "outperform" rating and set a C$62.00 price objective on the stock in a research note on Wednesday, August 7th. Scotiabank dropped their target price on Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. Jefferies Financial Group decreased their price target on Suncor Energy from C$62.00 to C$55.00 and set a "hold" rating on the stock in a research note on Monday, September 16th. Finally, Royal Bank of Canada dropped their price objective on Suncor Energy from C$67.00 to C$64.00 in a research note on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$60.96.

Suncor Energy Stock Performance

TSE SU traded up C$0.60 during trading on Friday, hitting C$49.78. The company's stock had a trading volume of 7,930,600 shares, compared to its average volume of 8,403,838. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.32. The firm has a market cap of C$63.22 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 0.15 and a beta of 1.49. The firm has a 50 day moving average price of C$52.84 and a 200 day moving average price of C$52.33. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.06 by C$0.21. The company had revenue of C$13.04 billion for the quarter, compared to the consensus estimate of C$11.59 billion. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. Equities research analysts forecast that Suncor Energy will post 4.2058333 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Company insiders own 0.01% of the company's stock.

About Suncor Energy

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.