Suncor Energy (TSE:SU) Price Target Raised to C$125.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price hoisted by ATB Cormark Capital Markets from C$100.00 to C$125.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s price objective indicates a potential upside of 15.32% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. National Bank Financial lowered their price target on Suncor Energy from C$146.00 to C$145.00 and set an “outperform” rating on the stock in a research report on Tuesday. BMO Capital Markets upped their price objective on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. Desjardins increased their price objective on Suncor Energy from C$110.00 to C$117.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, TD raised their price objective on Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$103.06.

Suncor Energy Price Performance

TSE SU traded down C$2.48 during trading on Thursday, reaching C$108.39. The company’s stock had a trading volume of 4,872,354 shares, compared to its average volume of 6,132,884. Suncor Energy has a one year low of C$54.55 and a one year high of C$112.80. The stock has a market capitalization of C$126.78 billion, a PE ratio of 14.47, a P/E/G ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. The firm has a fifty day moving average of C$97.34 and a 200 day moving average of C$90.74.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The business had revenue of C$17.50 billion during the quarter. Analysts expect that Suncor Energy will post 4.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Suncor Energy news, insider David Jason Oldreive sold 5,000 shares of the business’s 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. Also, insider Curtis Wade Serra sold 2,400 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$94.03, for a total transaction of C$225,672.00. Insiders have sold 79,792 shares of company stock worth $7,294,928 over the last 90 days. 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.