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

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by Raymond James Financial from C$73.00 to C$76.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 4.51% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada lifted their target price on Suncor Energy from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company set a C$57.00 price objective on shares of Suncor Energy and gave the company an “equal weight” rating in a research note on Friday, October 17th. CIBC increased their price objective on shares of Suncor Energy from C$65.00 to C$70.00 in a research note on Thursday, November 27th. BMO Capital Markets raised their target price on shares of Suncor Energy from C$69.00 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Desjardins upped their price target on shares of Suncor Energy from C$79.00 to C$85.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$72.79.

Suncor Energy Stock Performance

SU stock traded up C$0.72 during trading on Thursday, reaching C$72.72. The company had a trading volume of 5,635,850 shares, compared to its average volume of 4,926,378. The company has a market cap of C$87.36 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 0.15 and a beta of 0.89. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$75.50. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The firm has a 50-day simple moving average of C$64.15 and a 200-day simple moving average of C$59.37.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. As a group, sell-side analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Peter Douglas Zebedee sold 43,364 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of C$62.53, for a total transaction of C$2,711,550.92. Also, insider Troy Ward Little sold 8,711 shares of Suncor Energy stock in a transaction on Monday, November 17th. The shares were sold at an average price of C$62.61, for a total transaction of C$545,395.71. Over the last 90 days, insiders have sold 164,675 shares of company stock worth $10,208,871. 0.01% of the stock is owned by corporate 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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.