Suncor Energy (TSE:SU) Price Target Raised to C$68.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price raised by equities researchers at National Bankshares from C$65.00 to C$68.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 21.56% from the company’s current price.

Other equities research analysts have also issued reports about the company. Raymond James decreased their target price on Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. Gerdes Energy Research set a C$69.00 target price on shares of Suncor Energy and gave the company a “buy” rating in a research note on Monday, November 25th. Scotiabank raised their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. Jefferies Financial Group upped their price objective on Suncor Energy from C$54.00 to C$58.00 in a research note on Thursday. Finally, Royal Bank of Canada decreased their target price on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$62.32.

Suncor Energy Stock Up 0.5 %

SU stock traded up C$0.26 during mid-day trading on Thursday, reaching C$55.94. 581,907 shares of the company traded hands, compared to its average volume of 4,645,281. The stock has a market cap of C$71.04 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy has a fifty-two week low of C$42.43 and a fifty-two week high of C$58.58. The firm’s 50 day moving average price is C$54.16 and its 200 day moving average price is C$53.60. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same quarter in the prior year, the company earned $1.52 earnings per share. As a group, equities research analysts predict that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Corporate insiders own 0.01% of the company’s stock.

About Suncor Energy

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.