Suncor Energy (TSE:SU) Price Target Raised to C$52.00 at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by TD Securities from C$50.00 to C$52.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential downside of 2.60% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. National Bankshares raised their target price on shares of Suncor Energy from C$57.00 to C$75.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Desjardins lifted their price objective on shares of Suncor Energy from C$48.50 to C$54.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group upped their price target on Suncor Energy from C$50.00 to C$53.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Royal Bank of Canada upped their target price on shares of Suncor Energy from C$52.00 to C$58.00 in a report on Tuesday, April 9th. Finally, Wells Fargo & Company boosted their target price on shares of Suncor Energy from C$55.00 to C$60.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$57.92.

Suncor Energy Trading Down 0.1 %

TSE:SU traded down C$0.05 during mid-day trading on Wednesday, reaching C$53.39. 2,051,321 shares of the company’s stock traded hands, compared to its average volume of 7,590,525. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83. The company has a 50 day moving average price of C$50.59 and a 200-day moving average price of C$46.26. The firm has a market capitalization of C$68.87 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 0.15 and a beta of 1.52. Suncor Energy has a 12-month low of C$37.09 and a 12-month high of C$54.32.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The business had revenue of C$14.14 billion for the quarter, compared to the consensus estimate of C$11.33 billion. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. On average, sell-side analysts predict that Suncor Energy will post 4.7379873 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. In related news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of Suncor Energy stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. 0.01% of the stock is currently owned by company insiders.

Suncor Energy Company Profile

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.