Suncor Energy (SU) Upgraded by AltaCorp Capital to Outperform

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AltaCorp Capital upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) from a sector perform rating to an outperform rating in a research note published on Wednesday, October 17th.

A number of other research firms have also recently issued reports on SU. Barclays raised their price objective on Suncor Energy from C$60.00 to C$68.00 in a research report on Wednesday, July 11th. CSFB raised their price objective on Suncor Energy from C$56.00 to C$65.00 in a research report on Wednesday, July 11th. Canaccord Genuity increased their target price on Suncor Energy from C$58.00 to C$64.00 in a research note on Tuesday, July 10th. Raymond James increased their target price on Suncor Energy from C$61.00 to C$69.00 in a research note on Thursday, July 5th. Finally, Macquarie increased their target price on Suncor Energy from C$48.00 to C$50.00 in a research note on Tuesday, July 3rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of C$60.75.

Shares of SU stock traded down C$0.49 on Wednesday, hitting C$44.41. 3,606,400 shares of the stock were exchanged, compared to its average volume of 3,164,283. Suncor Energy has a fifty-two week low of C$40.49 and a fifty-two week high of C$55.47. The company has a quick ratio of 0.54, a current ratio of 0.90 and a debt-to-equity ratio of 39.84.

In other Suncor Energy news, insider Janice Odegaard sold 60,000 shares of Suncor Energy stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of C$54.00, for a total transaction of C$3,240,000.00.

About Suncor Energy

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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Analyst Recommendations for Suncor Energy (TSE:SU)

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