Suncor Energy (TSE:SU) Downgraded by Evercore

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.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, February 5th. The company reported C$0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.20). The firm had revenue of C$8.95 billion for the quarter, compared to the consensus estimate of C$10.82 billion. As a group, equities research analysts predict that Suncor Energy will post 3.2999999630955 earnings per share for the current fiscal year.

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.

Further Reading: Green Investing

Analyst Recommendations for Suncor Energy (TSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.