Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price objective lifted by analysts at TD from C$125.00 to C$129.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD‘s price target would indicate a potential upside of 32.85% from the company’s current price.
A number of other equities analysts have also commented on the stock. BMO Capital Markets raised their price objective on shares of Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. Desjardins increased their target price on shares of Suncor Energy from C$110.00 to C$117.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. JPMorgan Chase & Co. raised their price target on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. National Bank Financial boosted their price target on shares of Suncor Energy from C$145.00 to C$151.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, ATB Cormark Capital Markets boosted their price target on shares of Suncor Energy from C$100.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$109.27.
View Our Latest Report on Suncor Energy
Suncor Energy Price Performance
SU traded up C$0.35 during trading on Thursday, reaching C$97.10. 6,427,237 shares of the company were exchanged, compared to its average volume of 6,078,739. Suncor Energy has a 12-month low of C$57.95 and a 12-month high of C$112.80. The company’s 50-day moving average is C$100.56 and its two-hundred day moving average is C$88.73. The company has a quick ratio of 0.83, a current ratio of 1.71 and a debt-to-equity ratio of 10.56. The company has a market cap of C$111.78 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 0.15 and a beta of 0.12.
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last posted its earnings results on Tuesday, November 3rd. The company reported C$3.97 earnings per share for the quarter. Suncor Energy had a return on equity of 23.57% and a net margin of 17.22%. The business had revenue of C$18.88 billion during the quarter. Research analysts forecast that Suncor Energy will post 4.42 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Shelley Powell sold 41,911 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total transaction of C$3,671,403.60. Following the sale, the insider owned 27,705 shares in the company, valued at approximately C$2,426,958. This trade represents a 60.20% decrease in their position. Also, insider Richard Michael Kruger sold 15,378 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total transaction of C$1,458,449.52. Over the last quarter, insiders have sold 79,792 shares of company stock worth $7,294,928. 0.01% of the stock is owned by corporate insiders.
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.
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