Suncor Energy (TSE:SU) Stock Gets Price Target Bump from National Bank Financial

Suncor Energy (TSE:SU) (NYSE:SU) had its target price hoisted by investment analysts at National Bank Financial from C$118.00 to C$146.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 52.37% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Scotiabank raised Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. BMO Capital Markets raised their target price on Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. Raymond James Financial lifted their target price on Suncor Energy from C$109.00 to C$118.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Desjardins set a C$107.00 target price on shares of Suncor Energy and gave the stock a “buy” rating in a report on Friday, July 17th. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$100.00.

Suncor Energy Stock Down 1.7%

Shares of Suncor Energy stock opened at C$95.82 on Wednesday. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$53.02 and a 1-year high of C$100.24. The business’s fifty day moving average price is C$93.13 and its two-hundred day moving average price is C$88.95. The company has a market capitalization of C$112.07 billion, a P/E ratio of 12.79, a PEG ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%.The company had revenue of C$17.50 billion for the quarter. As a group, research analysts forecast that Suncor Energy will post 4.4208333 EPS for the current year.

Insider Activity

In related news, insider Curtis Wade Serra sold 2,400 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$94.03, for a total transaction of C$225,672.00. Also, insider David Jason Oldreive sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of C$98.00, for a total value of C$490,000.00. In the last three months, insiders sold 79,792 shares of company stock worth $7,294,928. 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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.