Suncor Energy (TSE:SU) Price Target Raised to C$64.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by analysts at JPMorgan Chase & Co. from C$59.00 to C$64.00 in a note issued to investors on Thursday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.68% from the company’s previous close.

A number of other research firms also recently weighed in on SU. Gerdes Energy Research decreased their price objective on Suncor Energy from C$79.00 to C$77.00 in a report on Thursday, September 11th. UBS Group increased their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Wednesday. Jefferies Financial Group raised their target price on shares of Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. Desjardins raised their target price on shares of Suncor Energy from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, TD Securities boosted their target price on shares of Suncor Energy from C$67.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$64.33.

Suncor Energy Stock Up 1.2%

TSE SU traded up C$0.72 on Thursday, hitting C$58.89. 1,396,587 shares of the stock traded hands, compared to its average volume of 7,715,080. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The stock has a 50-day moving average of C$56.74 and a 200 day moving average of C$53.67. The company has a market capitalization of C$71.45 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.15 and a beta of 0.61. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$60.48.

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

Insider Buying and Selling at Suncor Energy

In related news, insider Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$57.57, for a total value of C$5,757,000.00. Following the sale, the insider owned 48,482 shares in the company, valued at approximately C$2,791,108.74. The trade was 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 on Thursday, September 11th. The shares were sold at an average price of C$58.06, for a total transaction of C$1,741,650.00. Following the transaction, the insider owned 27,705 shares in the company, valued at C$1,608,413.78. This trade represents a 51.99% decrease in their position. Over the last three months, insiders have sold 139,542 shares of company stock valued at $8,052,015. 0.01% of the stock is currently owned by company 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.