Suncor Energy (TSE:SU) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lifted by Raymond James Financial from C$103.00 to C$109.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 27.25% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Royal Bank Of Canada increased their price target on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. TD raised their price objective on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. BMO Capital Markets lifted their price objective on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday. Finally, Gerdes Energy Research downgraded Suncor Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$97.19.

Suncor Energy Trading Down 2.8%

Shares of Suncor Energy stock traded down C$2.46 during midday trading on Thursday, reaching C$85.66. 2,850,812 shares of the company’s stock traded hands, compared to its average volume of 6,302,310. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42. The company has a market cap of C$101.14 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The stock has a 50 day moving average of C$85.18 and a 200-day moving average of C$83.71. Suncor Energy has a 12 month low of C$52.95 and a 12 month high of C$96.53.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. The business had revenue of C$17.50 billion for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. As a group, equities analysts expect that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Key Suncor Energy News

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: Suncor beat quarterly profit estimates, helped by higher crude prices and stronger refining margins. The company reported quarterly revenue of C$17.50 billion and earnings of C$3.23 per share, supporting the outlook for cash generation. Suncor beats quarterly profit estimates on higher crude prices, refining margins
• Positive Sentiment: Suncor increased its share-buyback plans following the earnings beat, giving investors an additional avenue for capital returns and potentially supporting per-share earnings. Investor Outlook: Suncor raises buybacks after earnings beat
• Positive Sentiment: BMO Capital Markets raised its price target for Suncor from C$100 to C$105, implying roughly 19% upside from the quoted reference price and signaling continued analyst confidence. BayStreet.CA analyst ratings
• Neutral Sentiment: Management said the recent oil sands memorandum of understanding has not changed Suncor’s spending plans. The company also does not intend to accelerate production growth despite potential Canadian policy changes, suggesting a continued focus on disciplined investment rather than rapid expansion. Suncor not planning to speed production growth despite Canada policy changes
• Negative Sentiment: CEO Rich Kruger will step down next April and be succeeded by Peter Zebedee. The unexpected departure of Chief Financial Officer Kevin? [remove] the company’s CFO adds near-term management uncertainty and may be weighing on investor sentiment during the transition. Suncor Says Zebedee to Succeed Kruger as CEO Next April

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.