Suncor Energy (TSE:SU) PT Set at C$52.00 by Raymond James

Suncor Energy (TSE:SU) (NYSE:SU) received a C$52.00 price objective from analysts at Raymond James in a report released on Tuesday, BayStreet.CA reports. Raymond James’ price target would indicate a potential downside of 2.16% from the company’s previous close.

Several other equities analysts have also recently commented on the company. Desjardins increased their target price on Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Wolfe Research upgraded shares of Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Jefferies Financial Group dropped their target price 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. National Bankshares reduced their price target on shares of Suncor Energy from C$77.00 to C$73.00 in a research report on Friday, September 27th. Finally, Royal Bank of Canada lowered their price objective on Suncor Energy from C$67.00 to C$64.00 in a report on Tuesday, September 17th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and an average price target of C$60.04.

Suncor Energy Stock Performance

Suncor Energy stock opened at C$53.15 on Tuesday. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.32. 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 company has a market capitalization of C$67.50 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The firm’s fifty day moving average price is C$53.06 and its 200 day moving average price is C$52.79.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.21. The business had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. On average, research analysts forecast that Suncor Energy will post 4.4208333 EPS 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 dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. 0.01% of the stock is 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.