S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Bangladesh seeks China help to repatriate Rohingya refugees

TD Securities Trims Suncor Energy (TSE:SU) Target Price to C$56.00

Suncor Energy (TSE:SU - Get Rating) (NYSE:SU) had its price objective cut by equities researchers at TD Securities from C$63.00 to C$56.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 43.08% from the stock's previous close.

A number of other equities analysts also recently commented on SU. BMO Capital Markets lifted their price objective on Suncor Energy from C$54.00 to C$60.00 in a research report on Thursday, June 9th. CSFB lifted their target price on Suncor Energy from C$58.00 to C$63.00 in a research report on Thursday, June 9th. CIBC lifted their price objective on Suncor Energy from C$60.00 to C$65.00 in a research note on Thursday, June 9th. National Bankshares dropped their price objective on Suncor Energy from C$73.00 to C$64.00 and set a "sector perform" rating for the company in a research note on Monday, July 18th. Finally, Eight Capital cut Suncor Energy from a "neutral" rating to a "sell" rating and lowered their target price for the stock from C$56.00 to C$46.00 in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$49.85.

Suncor Energy Stock Performance


Shares of TSE:SU traded down C$0.32 during trading on Friday, hitting C$39.14. The stock had a trading volume of 4,111,067 shares, compared to its average volume of 10,452,915. Suncor Energy has a 12-month low of C$21.90 and a 12-month high of C$53.62. The stock has a market capitalization of C$54.02 billion and a price-to-earnings ratio of 9.15. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 47.08. The stock has a 50-day simple moving average of C$45.35 and a two-hundred day simple moving average of C$42.54.

Suncor Energy (TSE:SU - Get Rating) (NYSE:SU) last posted its earnings results on Monday, May 9th. The company reported C$1.92 EPS for the quarter, topping the consensus estimate of C$1.65 by C$0.27. The company had revenue of C$13.49 billion for the quarter, compared to analyst estimates of C$11.62 billion. On average, equities research analysts expect that Suncor Energy will post 7.5200006 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael M. Wilson purchased 10,000 shares of the stock in a transaction dated Monday, May 16th. The shares were acquired at an average cost of C$48.04 per share, for a total transaction of C$480,420.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately C$960,840.

Suncor Energy Company Profile

(Get Rating)

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.

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Analyst Recommendations for Suncor Energy (TSE:SU)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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