Suncor Energy (TSE:SU) Given New C$54.00 Price Target at Desjardins

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by equities research analysts at Desjardins from C$48.50 to C$54.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price target would suggest a potential upside of 0.39% from the company’s previous close.

A number of other equities analysts also recently commented on the company. National Bankshares lifted their price objective on Suncor Energy from C$57.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. TD Securities lifted their price target on Suncor Energy from C$46.00 to C$48.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. BMO Capital Markets upped their price objective on shares of Suncor Energy from C$52.00 to C$55.00 in a report on Thursday, March 28th. Wells Fargo & Company lifted their target price on shares of Suncor Energy from C$55.00 to C$60.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Jefferies Financial Group boosted their target price on shares of Suncor Energy from C$50.00 to C$53.00 and gave the company a “hold” rating in a report on Friday, April 12th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$57.62.

Suncor Energy Stock Up 0.6 %

SU stock opened at C$53.79 on Tuesday. Suncor Energy has a 52 week low of C$37.09 and a 52 week high of C$53.85. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52. The firm has a 50-day simple moving average of C$49.15 and a 200-day simple moving average of C$45.84. The stock has a market capitalization of C$69.39 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.15 and a beta of 1.52.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.05 by C$0.21. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. The company had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. Equities analysts forecast that Suncor Energy will post 4.7415525 earnings per share for the current fiscal year.

Insider Transactions at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total transaction of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. Corporate insiders own 0.01% of the company’s stock.

About Suncor Energy

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.