Suncor Energy (TSE:SU) Given New C$114.00 Price Target at JPMorgan Chase & Co.

Suncor Energy (TSE:SU) (NYSE:SU) had its price target upped by analysts at JPMorgan Chase & Co. from C$107.00 to C$114.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 25.83% from the stock’s previous close.

Several other brokerages also recently issued reports on SU. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Desjardins set a C$107.00 target price on Suncor Energy and gave the stock a “buy” rating in a research report on Friday, July 17th. Raymond James Financial lifted their price target on Suncor Energy from C$103.00 to C$109.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Scotia increased their price objective on Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$97.69.

Suncor Energy Trading Up 1.7%

TSE SU traded up C$1.48 on Thursday, hitting C$90.60. 770,907 shares of the company were exchanged, compared to its average volume of 6,296,425. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. Suncor Energy has a twelve month low of C$52.96 and a twelve month high of C$96.53. The firm has a market capitalization of C$105.97 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The company’s 50 day moving average price is C$85.01 and its 200-day moving average price is C$84.34.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. The company had revenue of C$17.50 billion during the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. Analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Suncor Energy news, insider Shelley Powell sold 41,911 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total value of C$3,671,403.60. Following the completion of the sale, the insider directly owned 27,705 shares of the company’s stock, valued at C$2,426,958. The trade was a 60.20% decrease in their ownership of the stock. 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.