Suncor Energy (TSE:SU) Stock Gets Price Target Increase from Scotia

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by research analysts at Scotia from C$123.00 to C$126.00 in a research note issued on Thursday, BayStreet reports. The firm currently has a “sector outperform” rating on the stock. Scotia‘s price objective would suggest a potential upside of 27.81% from the stock’s current price.

Several other research analysts have also recently issued reports on SU. Raymond James Financial upped their price target on Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Gerdes Energy Research lowered Suncor Energy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. BMO Capital Markets lifted their target price on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on Suncor Energy from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. Finally, Desjardins lifted their price target on Suncor Energy from C$110.00 to C$117.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$109.27.

Suncor Energy Price Performance

Shares of TSE SU traded down C$2.26 during midday trading on Thursday, reaching C$98.58. The company’s stock had a trading volume of 2,502,602 shares, compared to its average volume of 6,039,348. The company has a current ratio of 1.71, a quick ratio of 0.83 and a debt-to-equity ratio of 10.56. The company has a 50 day moving average price of C$100.35 and a 200 day moving average price of C$88.45. Suncor Energy has a one year low of C$57.95 and a one year high of C$112.80. The company has a market cap of C$115.30 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, November 3rd. The company reported C$3.97 earnings per share for the quarter. The firm had revenue of C$18.88 billion during the quarter. Suncor Energy had a net margin of 17.22% and a return on equity of 23.57%. On average, equities research analysts expect that Suncor Energy will post 4.42 EPS for the current year.

Insider Buying and Selling

In other Suncor Energy news, insider David Jason Oldreive sold 5,000 shares of Suncor Energy stock in a transaction on Monday, September 14th. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00. Also, insider Peter Douglas Zebedee sold 5,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00. Over the last quarter, insiders have sold 79,792 shares of company stock worth $7,294,928. 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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.