Suncor Energy (SU) Sets New 1-Year Low at $42.98
Suncor Energy Inc. (TSE:SU) (NYSE:SU) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$42.98 and last traded at C$43.17, with a volume of 3098079 shares changing hands. The stock had previously closed at C$44.33.
SU has been the topic of several recent research reports. Raymond James upped their price objective on shares of Suncor Energy from C$69.00 to C$70.00 in a report on Friday, October 5th. National Bank Financial upped their price objective on shares of Suncor Energy from C$65.00 to C$67.00 in a report on Friday, October 5th. Canaccord Genuity upped their price objective on shares of Suncor Energy from C$64.00 to C$67.00 in a report on Thursday, August 16th. BMO Capital Markets upped their price objective on shares of Suncor Energy from C$60.00 to C$65.00 in a report on Tuesday, October 9th. Finally, Mizuho dropped their price objective on shares of Suncor Energy from C$61.00 to C$59.00 in a report on Friday, November 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$60.75.
The company has a current ratio of 0.90, a quick ratio of 0.54 and a debt-to-equity ratio of 39.84.
Suncor Energy Company Profile (TSE:SU)
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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