Royal Bank of Canada Analysts Give Suncor Energy (TSE:SU) a C$67.00 Price Target

Suncor Energy (TSE:SU) (NYSE:SU) has been given a C$67.00 price target by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 34.35% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock in a report on Wednesday, August 7th. Scotiabank decreased their price objective on shares of Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. Raymond James boosted their price target on shares of Suncor Energy from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Suncor Energy from C$61.00 to C$66.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.96.

Suncor Energy Price Performance

Shares of SU traded up C$0.56 during midday trading on Friday, hitting C$49.87. 1,653,029 shares of the company traded hands, compared to its average volume of 8,436,244. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.32. The firm has a 50 day moving average of C$53.27 and a 200-day moving average of C$52.11. The stock has a market cap of C$63.33 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.15 and a beta of 1.49.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.06 by C$0.21. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. The company had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. On average, analysts forecast that Suncor Energy will post 4.7260019 EPS for the current fiscal year.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. Also, Senior Officer Kristopher Peter Smith sold 100,000 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$51.66, for a total value of C$5,165,900.00. Insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.