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Suncor Energy (NYSE:SU)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Wednesday. They currently have a $45.00 target price on the stock. Zacks‘s target price indicates a potential upside of 5.96% from the stock’s previous close.

Zacks’ analyst wrote, “Suncor – Canada’s biggest energy firm and the largest oil sands outfit has substantial growth opportunities, a unique asset base and high return potential for the long run. We expect Suncor to generate significant cash flows in the long run after its Golden Eagle and Hebron projects start operating. Importantly, Suncor’s oil sand production has been increasing at a record rate, with the favorable trend expected to continue. However, we remain concerned about the company’s high debt level and capital expenditure. Consequently, we see the stock performing in line with the broader market and are reiterating our Neutral recommendation.”

Suncor Energy (NYSE:SU) traded up 0.71% during mid-day trading on Wednesday, hitting $42.77. 1,527,702 shares of the company’s stock traded hands. Suncor Energy has a 52 week low of $29.80 and a 52 week high of $43.49. The stock has a 50-day moving average of $40.84 and a 200-day moving average of $36.34. The company has a market cap of $62.802 billion and a price-to-earnings ratio of 15.66.

Suncor Energy (NYSE:SU) last released its earnings data on Monday, April 28th. The company reported $1.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.19. Analysts expect that Suncor Energy will post $3.88 EPS for the current fiscal year.

SU has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, June 10th. They now have a $48.00 price target on the stock. Finally, analysts at FirstEnergy Capital downgraded shares of Suncor Energy to a “market perform” rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Suncor Energy presently has an average rating of “Buy” and a consensus target price of $45.17.

Suncor Energy Inc (NYSE:SU) is an integrated energy company.

To view Zacks’ full report, visit Zacks’ official website.

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