Suncor Energy (TSE:SU) Price Target Raised to C$65.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by CIBC from C$60.00 to C$65.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 21.56% from the company’s current price.

A number of other research firms also recently weighed in on SU. Wells Fargo & Company lifted their target price on Suncor Energy from C$55.00 to C$60.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Jefferies Financial Group boosted their price target on Suncor Energy from C$50.00 to C$53.00 and gave the company a “hold” rating in a research note on Friday, April 12th. National Bankshares boosted their price target on Suncor Energy from C$57.00 to C$75.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Royal Bank of Canada boosted their price target on Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. Finally, TD Securities boosted their price target on Suncor Energy from C$46.00 to C$48.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Suncor Energy currently has a consensus rating of “Hold” and an average target price of C$57.62.

Suncor Energy Stock Down 0.1 %

SU opened at C$53.47 on Monday. Suncor Energy has a fifty-two week low of C$37.09 and a fifty-two week high of C$53.85. The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.83 and a current ratio of 1.44. The company has a market capitalization of C$68.98 billion, a P/E ratio of 8.45, a P/E/G ratio of 0.15 and a beta of 1.52. The stock has a fifty day moving average of C$48.93 and a 200-day moving average of C$45.79.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The company had revenue of C$14.14 billion during the quarter, compared to the consensus estimate of C$11.33 billion. On average, equities analysts expect that Suncor Energy will post 4.7415525 EPS for the current year.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. Company insiders own 0.01% of the company’s stock.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.