Suncor Energy (TSE:SU) Stock Price Expected to Rise, National Bankshares Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by analysts at National Bankshares from C$65.00 to C$68.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 21.56% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. UBS Group increased their price target on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Jefferies Financial Group boosted their price objective on shares of Suncor Energy from C$54.00 to C$58.00 in a research report on Thursday. Gerdes Energy Research set a C$69.00 target price on Suncor Energy and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Wells Fargo & Company cut their price target on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$62.32.

Suncor Energy Stock Up 0.5 %

Suncor Energy stock traded up C$0.26 during mid-day trading on Thursday, reaching C$55.94. The stock had a trading volume of 581,907 shares, compared to its average volume of 4,645,281. The company has a market capitalization of C$71.04 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy has a one year low of C$42.43 and a one year high of C$58.58. The company has a 50-day moving average price of C$54.16 and a two-hundred day moving average price of C$53.60.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. During the same quarter in the previous year, the business earned $1.52 EPS. On average, analysts expect that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value of C$2,843,700.00. 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.