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

Suncor Energy (TSE:SU) (NYSE:SU) had its target price hoisted by equities researchers at National Bank Financial from C$145.00 to C$151.00 in a report released on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial‘s target price would suggest a potential upside of 53.18% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial raised their price target on Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Gerdes Energy Research cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their price objective on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. TD upped their price objective on shares of Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Desjardins increased their price objective on shares of Suncor Energy from C$110.00 to C$117.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$109.27.

Suncor Energy Stock Performance

TSE SU traded down C$2.26 during trading on Thursday, reaching C$98.58. 2,502,602 shares of the company’s stock were exchanged, compared to its average volume of 6,039,348. Suncor Energy has a fifty-two week low of C$57.95 and a fifty-two week high of C$112.80. The stock has a market capitalization of C$115.30 billion, a P/E ratio of 13.16, a PEG ratio of 0.15 and a beta of 0.18. The business has a 50 day moving average price of C$100.35 and a 200-day moving average price of C$88.45. The company has a debt-to-equity ratio of 10.56, a current ratio of 1.71 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, November 3rd. The company reported C$3.97 EPS for the quarter. The company had revenue of C$18.88 billion during the quarter. Suncor Energy had a return on equity of 23.57% and a net margin of 17.22%. Sell-side analysts forecast that Suncor Energy will post 4.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Suncor Energy

In related news, insider Shelley Powell sold 41,911 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total transaction of C$3,671,403.60. Following the transaction, the insider directly owned 27,705 shares of the company’s stock, valued at approximately C$2,426,958. This trade represents a 60.20% decrease in their ownership of the stock. Also, insider David Jason Oldreive sold 5,000 shares of Suncor Energy stock in a transaction dated Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00. Insiders sold 79,792 shares of company stock valued at $7,294,928 in the last quarter. Company 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.