Suncor Energy (TSE:SU) Price Target Lowered to C$65.00 at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its price target cut by equities researchers at National Bankshares from C$76.00 to C$65.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 30.60% from the company’s previous close.

SU has been the subject of several other reports. Raymond James lowered their price objective on shares of Suncor Energy from C$56.00 to C$55.00 in a research note on Friday, December 13th. Desjardins upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada lifted their price objective on Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday, November 14th. Scotiabank increased their target price on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group reduced their price target on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$61.96.

Suncor Energy Trading Down 1.1 %

Shares of SU stock traded down C$0.55 during trading hours on Thursday, hitting C$49.77. 1,014,808 shares of the company were exchanged, compared to its average volume of 8,195,642. Suncor Energy has a 1 year low of C$41.88 and a 1 year high of C$58.28. The firm has a fifty day moving average of C$54.42 and a 200 day moving average of C$53.26. The firm has a market cap of C$63.21 billion, a PE ratio of 8.55, a PEG ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Insider Buying and Selling at Suncor Energy

In related news, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. 0.01% of the stock is owned by insiders.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.