Suncor Energy (TSE:SU) (NYSE:SU)'s stock had its "outperform" rating reaffirmed by equities researchers at Raymond James in a research note issued on Friday, PriceTargets.com reports. They currently have a C$40.00 target price on the stock. Raymond James' price target points to a potential upside of 62.87% from the company's previous close.
Other research analysts also recently issued reports about the stock. ATB Capital reduced their price objective on shares of Suncor Energy from C$39.00 to C$35.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 5th. Barclays boosted their price objective on shares of Suncor Energy from C$40.00 to C$46.00 and gave the company a "na" rating in a research report on Friday, July 16th. Evercore ISI boosted their target price on shares of Suncor Energy to C$31.00 and gave the company a "na" rating in a report on Monday, June 7th. The Goldman Sachs Group restated a "buy" rating and set a C$29.00 target price on shares of Suncor Energy in a report on Thursday, July 15th. Finally, Tudor Pickering & Holt set a C$35.00 target price on shares of Suncor Energy and gave the company a "buy" rating in a report on Friday. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Suncor Energy has an average rating of "Buy" and a consensus price target of C$34.65.
Shares of TSE SU traded down C$0.33 during mid-day trading on Friday, hitting C$24.56. The stock had a trading volume of 7,939,620 shares, compared to its average volume of 9,165,500. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 56.69. Suncor Energy has a 1 year low of C$14.28 and a 1 year high of C$31.38. The business's 50 day moving average price is C$28.72. The stock has a market capitalization of C$37.00 billion and a price-to-earnings ratio of 1,364.44.
Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Monday, May 3rd. The company reported C$0.49 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of C$0.55 by C($0.06). The business had revenue of C$8.64 billion for the quarter, compared to analyst estimates of C$7.90 billion. On average, sell-side analysts predict that Suncor Energy will post 2.7300002 EPS for the current fiscal year.
In other news, Senior Officer Mark Stephen Little bought 17,250 shares of Suncor Energy stock in a transaction that occurred on Tuesday, June 1st. The stock was bought at an average cost of C$28.98 per share, with a total value of C$499,922.25. Following the acquisition, the insider now owns 76,505 shares of the company's stock, valued at approximately C$2,217,191.41.
About Suncor Energy
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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
Featured Article: Dual Listing
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here