Suncor Energy (TSE:SU) Stock Price Expected to Rise, Desjardins Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by analysts at Desjardins from C$71.00 to C$73.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 17.21% from the stock’s previous close.

A number of other equities research analysts also recently commented on SU. National Bankshares increased their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. TD Securities increased their price objective on Suncor Energy from C$67.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Scotiabank raised their target price on Suncor Energy from C$60.00 to C$62.00 and gave the company a “sector perform” rating in a report on Wednesday, August 6th. Wells Fargo & Company set a C$57.00 target price on shares of Suncor Energy and gave the company an “equal weight” rating in a research note on Friday, October 17th. Finally, UBS Group boosted their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$65.08.

Suncor Energy Trading Down 0.2%

SU traded down C$0.15 during trading on Monday, hitting C$62.28. 3,097,463 shares of the company’s stock were exchanged, compared to its average volume of 7,654,688. Suncor Energy has a 1 year low of C$43.59 and a 1 year high of C$64.14. The stock has a 50 day moving average price of C$57.93 and a 200 day moving average price of C$54.80. The firm has a market cap of C$74.81 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 0.15 and a beta of 0.61. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35.

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

Insiders Place Their Bets

In related news, insider Kristopher Peter Smith sold 112,600 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider owned 48,482 shares in the company, valued at C$2,993,278.68. This represents a 69.90% decrease in their position. Also, insider Shelley Powell sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of C$58.06, for a total transaction of C$1,741,650.00. Following the completion of the sale, the insider owned 27,705 shares in the company, valued at approximately C$1,608,413.78. The trade was a 51.99% decrease in their position. Insiders sold a total of 252,142 shares of company stock worth $15,003,939 over the last quarter. 0.01% of the stock is currently owned by company 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.