Raymond James Has Lowered Expectations for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its price target dropped by analysts at Raymond James from C$56.00 to C$55.00 in a report issued on Friday,BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 5.06% from the stock’s current price.

Other analysts also recently issued research reports about the stock. National Bankshares lifted their price target on shares of Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday, November 14th. UBS Group lifted their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Scotiabank lifted their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Wells Fargo & Company lowered their price target on shares of Suncor Energy from C$66.00 to C$64.00 in a report on Monday. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$62.75.

Suncor Energy Price Performance

TSE SU traded down C$0.57 during trading hours on Friday, reaching C$52.35. The company’s stock had a trading volume of 823,231 shares, compared to its average volume of 8,218,183. The firm’s 50-day moving average price is C$54.65 and its 200-day moving average price is C$53.37. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. Suncor Energy has a 1 year low of C$41.30 and a 1 year high of C$58.28. The company has a market capitalization of C$66.48 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.15 and a beta of 1.47.

Insider Activity at Suncor Energy

In other news, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were 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.