National Bank Financial Issues Positive Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by research analysts at National Bank Financial from C$145.00 to C$151.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial‘s price objective would indicate a potential upside of 53.18% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Desjardins boosted their price target on Suncor Energy from C$110.00 to C$117.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. TD upped their price objective on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. BMO Capital Markets increased their price objective on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Suncor Energy from C$107.00 to C$114.00 in a research note on Thursday, August 13th. Finally, Gerdes Energy Research lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$109.27.

Suncor Energy Price Performance

TSE SU traded down C$2.26 during midday trading on Thursday, hitting C$98.58. The company had a trading volume of 2,502,602 shares, compared to its average volume of 6,039,348. The company has a market capitalization of C$115.30 billion, a PE ratio of 13.16, a P/E/G ratio of 0.15 and a beta of 0.18. The company has a current ratio of 1.71, a quick ratio of 0.83 and a debt-to-equity ratio of 10.56. The firm has a 50-day moving average price of C$100.35 and a 200-day moving average price of C$88.45. Suncor Energy has a twelve month low of C$57.95 and a twelve month high of C$112.80.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, November 3rd. The company reported C$3.97 earnings per share for the quarter. The firm 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%. As a group, analysts anticipate that Suncor Energy will post 4.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Suncor Energy news, insider Adam Husain Albeldawi sold 1,173 shares of Suncor Energy stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$95.01, for a total value of C$111,446.73. Also, insider Curtis Wade Serra sold 2,400 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$94.03, for a total value of C$225,672.00. Insiders sold a total of 79,792 shares of company stock valued at $7,294,928 over the last ninety days. 0.01% of the stock is owned by 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.