Suncor Energy (TSE:SU) PT Raised to C$57.00 at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its target price raised by research analysts at TD Securities from C$52.00 to C$57.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 3.35% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. CIBC lifted their price target on shares of Suncor Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Desjardins boosted their price target on Suncor Energy from C$48.50 to C$54.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Jefferies Financial Group raised their price objective on Suncor Energy from C$50.00 to C$53.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Royal Bank of Canada boosted their price objective on Suncor Energy from C$58.00 to C$60.00 in a research note on Thursday, May 9th. Finally, Wells Fargo & Company raised their target price on shares of Suncor Energy from C$55.00 to C$60.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$62.42.

Suncor Energy Stock Down 0.5 %

SU stock opened at C$55.15 on Wednesday. The company has a market cap of C$70.59 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 0.15 and a beta of 1.50. The company has a debt-to-equity ratio of 36.00, a quick ratio of 0.83 and a current ratio of 1.51. The business’s 50-day moving average is C$52.38 and its two-hundred day moving average is C$47.00. Suncor Energy has a fifty-two week low of C$37.09 and a fifty-two week high of C$56.69.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The firm had revenue of C$14.14 billion for the quarter, compared to analysts’ expectations of C$11.33 billion. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. As a group, analysts forecast that Suncor Energy will post 4.9972527 earnings per share for the current year.

Insider Buying and Selling at Suncor Energy

In related 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 value of C$751,776.00. 0.01% of the stock is currently owned by insiders.

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.