Suncor Energy (TSE:SU) Stock Rating Lowered by The Goldman Sachs Group

Suncor Energy (TSE:SU) (NYSE:SU) was downgraded by analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other research analysts also recently issued reports on SU. Jefferies Financial Group raised their price target on shares of Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. National Bank Financial raised their price target on shares of Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada raised their price target on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Wells Fargo & Company raised their price target on shares of Suncor Energy from C$74.00 to C$97.00 in a research report on Wednesday, April 1st. Finally, Scotiabank increased their price objective on shares of Suncor Energy from C$80.00 to C$85.00 in a report on Wednesday, April 1st. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$93.13.

Suncor Energy Trading Down 4.6%

TSE SU opened at C$86.85 on Friday. Suncor Energy has a 12 month low of C$50.11 and a 12 month high of C$96.53. The company has a debt-to-equity ratio of 32.36, a current ratio of 1.42 and a quick ratio of 0.83. The company has a market capitalization of C$102.55 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 0.15 and a beta of 0.14. The company’s fifty day moving average price is C$89.88 and its two-hundred day moving average price is C$76.71.

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

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