Suncor Energy (TSE:SU) Upgraded to “Moderate Buy” at Raymond James Financial

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by stock analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a note issued to investors on Thursday,Zacks.com reports. Raymond James Financial also issued estimates for Suncor Energy’s FY2029 earnings at $5.68 EPS.

SU has been the topic of a number of other research reports. Jefferies Financial Group lifted their price target on shares of Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. National Bankshares raised their price objective on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Gerdes Energy Research reduced their target price on shares of Suncor Energy from C$79.00 to C$77.00 in a research note on Thursday, September 11th. Scotiabank increased their target price on Suncor Energy from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. Finally, UBS Group lifted their price target on Suncor Energy from C$61.00 to C$65.00 in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$64.33.

Suncor Energy Stock Up 1.9%

TSE:SU opened at C$59.27 on Thursday. Suncor Energy has a 1 year low of C$43.59 and a 1 year high of C$60.48. The stock has a 50-day moving average price of C$56.78 and a two-hundred day moving average price of C$53.71. The stock has a market cap of C$71.91 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.15 and a beta of 0.61. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, August 5th. The company reported C$0.71 earnings per share for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. As a group, equities analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, insider Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$57.57, for a total transaction of C$5,757,000.00. Following the transaction, the insider owned 48,482 shares of the company’s stock, valued at C$2,791,108.74. The trade was a 67.35% decrease in their position. Also, insider Adam Husain Albeldawi sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of C$58.44, for a total value of C$292,200.00. Insiders have sold a total of 139,542 shares of company stock valued at $8,052,015 in the last ninety days. Insiders own 0.01% of the company’s stock.

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.