Royal Bank Of Canada Raises Suncor Energy (TSE:SU) Price Target to C$70.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by equities researchers at Royal Bank Of Canada from C$67.00 to C$70.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 7.69% from the stock’s current price.

SU has been the subject 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 research report on Friday, December 12th. Wells Fargo & Company set a C$57.00 target price on Suncor Energy and gave the stock an “equal weight” rating in a report on Friday, October 17th. National Bankshares reduced their price objective on Suncor Energy from C$73.00 to C$72.00 and set an “outperform” rating for the company in a report on Friday. CIBC lifted their price target on shares of Suncor Energy from C$65.00 to C$70.00 in a research note on Thursday, November 27th. Finally, Raymond James Financial boosted their price target on Suncor Energy from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$67.62.

Suncor Energy Trading Up 2.6%

TSE:SU opened at C$65.00 on Friday. The firm has a market capitalization of C$78.08 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.15 and a beta of 0.79. The company has a fifty day moving average of C$60.96 and a 200 day moving average of C$57.22. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy has a 52 week low of C$43.59 and a 52 week high of C$65.07.

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

Insider Buying and Selling

In other Suncor Energy news, insider Peter Douglas Zebedee sold 43,364 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of C$62.53, for a total transaction of C$2,711,550.92. Also, insider Kristopher Peter Smith sold 112,600 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the transaction, the insider owned 48,482 shares of the company’s stock, valued at approximately C$2,993,278.68. This trade represents a 69.90% decrease in their position. In the last ninety days, insiders sold 164,675 shares of company stock valued at $10,208,871. Company 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.