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

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by equities research analysts at National Bank Financial from C$145.00 to C$151.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 55.51% from the company’s previous close.

Several other equities analysts have also recently weighed in on SU. JPMorgan Chase & Co. raised their price objective on Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. Desjardins upped their target price on shares of Suncor Energy from C$110.00 to C$117.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. ATB Cormark Capital Markets lifted their price target on Suncor Energy from C$100.00 to C$125.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Raymond James Financial boosted their price target on Suncor Energy from C$109.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada upped their price objective on Suncor Energy from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$109.27.

Suncor Energy Stock Up 0.4%

SU traded up C$0.35 during trading on Thursday, hitting C$97.10. The company had a trading volume of 6,427,237 shares, compared to its average volume of 6,078,739. The firm’s 50-day moving average price is C$100.56 and its 200 day moving average price is C$88.73. The company has a market capitalization of C$111.78 billion, a PE ratio of 12.96, a PEG ratio of 0.15 and a beta of 0.12. The company has a quick ratio of 0.83, a current ratio of 1.71 and a debt-to-equity ratio of 10.56. Suncor Energy has a one year low of C$57.95 and a one year high of C$112.80.

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

Insider Activity

In other Suncor Energy news, insider Adam Husain Albeldawi sold 1,173 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$95.01, for a total value of C$111,446.73. Also, insider Peter Douglas Zebedee 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 value of C$490,000.00. Over the last ninety days, insiders sold 79,792 shares of company stock valued at $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.