Evercore lowered shares of Suncor Energy (TSE:SU) (NYSE:SU) from an outperform rating to an in-line rating in a report issued on Wednesday, April 3rd, BayStreet.CA reports. Evercore currently has C$54.00 target price on the stock, down from their previous target price of C$58.00.
SU has been the subject of several other research reports. UBS Group dropped their price objective on shares of Suncor Energy from C$62.00 to C$60.00 in a research note on Monday, December 17th. CIBC raised their target price on shares of Suncor Energy from C$52.00 to C$53.00 in a report on Thursday, February 7th. CSFB raised shares of Suncor Energy from a neutral rating to an outperform rating and raised their target price for the company from C$48.00 to C$52.00 in a report on Thursday, March 14th. TD Securities lifted their price target on shares of Suncor Energy from C$45.00 to C$49.00 and gave the company a buy rating in a report on Thursday, February 7th. Finally, Canaccord Genuity lifted their price target on shares of Suncor Energy from C$55.00 to C$60.00 in a report on Monday, March 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$55.47.
Shares of SU stock opened at C$44.71 on Wednesday. The firm has a market capitalization of $70.19 billion and a price-to-earnings ratio of 22.13. The company has a quick ratio of 0.52, a current ratio of 0.84 and a debt-to-equity ratio of 39.43. Suncor Energy has a one year low of C$35.53 and a one year high of C$55.47.
In other news, Senior Officer Steven Walter Williams sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of C$43.36, for a total value of C$1,300,800.00. Following the transaction, the insider now owns 465,102 shares in the company, valued at approximately C$20,166,822.72. Also, Senior Officer Michael Roderick Macsween sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of C$42.89, for a total transaction of C$1,072,250.00.
Suncor Energy Company Profile
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, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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