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

Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by equities researchers at Raymond James Financial from C$70.00 to C$75.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 18.43% from the company’s current price.

SU has been the topic of several other reports. Desjardins raised their target price on shares of Suncor Energy from C$73.00 to C$74.00 and gave the stock a “buy” rating in a report on Friday, December 12th. TD Securities boosted their price objective on shares of Suncor Energy from C$71.00 to C$73.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Royal Bank Of Canada increased their target price on Suncor Energy from C$62.00 to C$67.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. boosted their price target on Suncor Energy from C$59.00 to C$64.00 in a report on Thursday, November 6th. Finally, National Bankshares increased their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$67.08.

Suncor Energy Stock Performance

SU stock opened at C$63.33 on Wednesday. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$64.14. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The firm has a market cap of C$76.08 billion, a PE ratio of 14.76, a P/E/G ratio of 0.15 and a beta of 0.79. The business’s 50-day moving average price is C$60.78 and its two-hundred day moving average price is C$57.11.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$1.48 EPS for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%.The company had revenue of C$12.55 billion for the quarter. As a group, research analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current year.

Insider Buying and Selling

In other Suncor Energy news, insider Kristopher Peter Smith sold 112,600 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the sale, the insider directly owned 48,482 shares of the company’s stock, valued at approximately C$2,993,278.68. This represents a 69.90% decrease in their ownership of the stock. Also, insider Troy Ward Little sold 8,711 shares of Suncor Energy stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$62.61, for a total transaction of C$545,395.71. Over the last three months, insiders have sold 164,675 shares of company stock worth $10,208,871. Insiders own 0.01% of the company’s stock.

About Suncor Energy

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.