Suncor Energy Inc. (TSE:SU) Receives Consensus Recommendation of “Buy” from Brokerages

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 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.

Featured Story: What is intrinsic value?

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.