Suncor Energy (TSE:SU) Rating Lowered to Neutral at Gerdes Energy Research

Suncor Energy (TSE:SU) (NYSE:SU) was downgraded by research analysts at Gerdes Energy Research from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday,BayStreet.CA reports. They presently have a C$97.00 target price on the stock, up from their prior target price of C$96.00. Gerdes Energy Research’s price objective would suggest a potential upside of 6.52% from the company’s current price.

Several other research firms have also weighed in on SU. Scotia raised their price objective on Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 21st. Canadian Imperial Bank of Commerce increased their price target on Suncor Energy from C$88.00 to C$92.00 in a research report on Thursday, April 2nd. Wells Fargo & Company lifted their price target on Suncor Energy from C$74.00 to C$97.00 in a research note on Wednesday, April 1st. TD boosted their price objective on Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets upped their price objective on shares of Suncor Energy from C$85.00 to C$100.00 in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$95.88.

Suncor Energy Price Performance

SU stock traded up C$1.22 on Wednesday, hitting C$91.06. 1,219,994 shares of the company’s stock traded hands, compared to its average volume of 6,482,392. Suncor Energy has a 1-year low of C$52.95 and a 1-year high of C$96.53. The stock has a market cap of C$107.52 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.15 and a beta of 0.17. The stock has a fifty day moving average of C$85.25 and a 200-day moving average of C$81.57. The company has a current ratio of 1.42, a quick ratio of 0.83 and a debt-to-equity ratio of 32.36.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. The firm had revenue of C$14.48 billion for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. On average, analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

About Suncor Energy

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.