TD Issues Positive Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by equities researchers at TD from C$125.00 to C$129.00 in a note issued to investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD‘s target price suggests a potential upside of 30.86% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Desjardins increased their price target on Suncor Energy from C$110.00 to C$117.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Royal Bank Of Canada boosted their price target on Suncor Energy from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. ATB Cormark Capital Markets upped their price objective on shares of Suncor Energy from C$100.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and upped their price objective for the company from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Finally, Raymond James Financial increased their price objective on shares of Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$109.27.

Suncor Energy Stock Down 2.2%

Shares of SU traded down C$2.26 during midday trading on Thursday, hitting C$98.58. 2,502,602 shares of the company’s stock traded hands, compared to its average volume of 6,039,348. Suncor Energy has a 1 year low of C$57.95 and a 1 year high of C$112.80. The firm’s fifty day moving average is C$100.35 and its 200-day moving average is C$88.45. 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 stock has a market capitalization 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 announced its earnings results on Tuesday, November 3rd. The company reported C$3.97 earnings per share for the quarter. Suncor Energy had a return on equity of 23.57% and a net margin of 17.22%. The firm had revenue of C$18.88 billion for the quarter. As a group, sell-side analysts anticipate that Suncor Energy will post 4.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Peter Douglas Zebedee sold 5,000 shares of the 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. Also, insider Curtis Wade Serra sold 2,400 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$94.03, for a total value of C$225,672.00. In the last ninety days, insiders sold 79,792 shares of company stock valued at $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.