Suncor Energy (TSE:SU) PT Lowered to C$55.00 at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its price target dropped by equities research analysts at Jefferies Financial Group from C$62.00 to C$55.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 10.62% from the stock’s previous close.

SU has been the topic of several other reports. Wells Fargo & Company upped their price objective on Suncor Energy from C$61.00 to C$66.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Raymond James increased their price objective on shares of Suncor Energy from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Royal Bank of Canada set a C$67.00 target price on shares of Suncor Energy and gave the stock an “outperform” rating in a report on Friday. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 price target for the company in a report on Wednesday, August 7th. Finally, Desjardins boosted their price objective on Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Six 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$61.46.

Suncor Energy Price Performance

Shares of SU traded up C$0.19 during trading hours on Monday, reaching C$49.72. 1,098,459 shares of the stock traded hands, compared to its average volume of 8,431,756. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$57.32. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The company has a market cap of C$63.14 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 0.15 and a beta of 1.49. The company’s 50-day moving average price is C$53.19 and its two-hundred day moving average price is C$52.14.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.21. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. The company had revenue of C$13.04 billion for the quarter, compared to analysts’ expectations of C$11.59 billion. On average, analysts anticipate that Suncor Energy will post 4.7260019 earnings per share for the current year.

Insiders Place Their Bets

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. In related news, Senior Officer Kristopher Peter Smith sold 100,000 shares of Suncor Energy stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. Also, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Corporate 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.