Suncor Energy (TSE:SU) Upgraded 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 research report issued on Thursday,Zacks.com reports. Raymond James Financial also issued estimates for Suncor Energy’s FY2029 earnings at $5.68 EPS.

Several other brokerages also recently issued reports on SU. ATB Capital upped their price target on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. National Bankshares upped their target price on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group increased their price target on shares of Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. Royal Bank Of Canada boosted their price objective on shares of Suncor Energy from C$62.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, Gerdes Energy Research decreased their price objective on Suncor Energy from C$79.00 to C$77.00 in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$64.33.

Suncor Energy Trading Up 1.9%

SU stock opened at C$59.27 on Thursday. The business has a fifty day moving average price of C$56.78 and a 200 day moving average price of C$53.71. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$60.48. The stock has a market capitalization of C$71.91 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 0.15 and a beta of 0.61.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, August 5th. The company reported C$0.71 EPS for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. Analysts expect that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, insider Kristopher Peter Smith sold 100,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately C$2,791,108.74. This trade represents a 67.35% decrease in their ownership of the stock. Also, insider Shelley Powell sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of C$58.06, for a total value of C$1,741,650.00. Following the transaction, the insider owned 27,705 shares of the company’s stock, valued at C$1,608,413.78. The trade was a 51.99% decrease in their ownership of the stock. Insiders sold 139,542 shares of company stock valued at $8,052,015 over the last quarter. 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.