Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned a consensus rating of “Buy” from the twenty-three ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$28.45.
Several research firms have recently weighed in on SU. TD Securities decreased their price objective on shares of Suncor Energy from C$32.00 to C$31.00 and set a “buy” rating for the company in a research report on Friday, September 18th. Morgan Stanley decreased their price objective on shares of Suncor Energy from C$31.00 to C$22.00 in a research report on Tuesday, October 20th. Eight Capital decreased their price objective on shares of Suncor Energy from C$32.00 to C$28.00 in a research report on Wednesday, September 16th. Wells Fargo & Company decreased their price objective on shares of Suncor Energy from C$31.00 to C$30.00 in a research report on Monday, September 14th. Finally, Tudor Pickering & Holt set a C$21.00 price objective on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Friday, October 9th.
Shares of SU stock traded down C$0.41 during trading hours on Monday, hitting C$16.08. 2,618,974 shares of the company’s stock traded hands, compared to its average volume of 8,565,345. The stock’s 50 day simple moving average is C$17.15 and its 200 day simple moving average is C$21.54. The stock has a market cap of $25.15 billion and a PE ratio of -4.51. Suncor Energy has a 12 month low of C$14.02 and a 12 month high of C$45.12. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 59.92.
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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