Jefferies Financial Group Boosts Suncor Energy (TSE:SU) Price Target to C$58.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by equities researchers at Jefferies Financial Group from C$54.00 to C$58.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential upside of 3.65% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on SU. Royal Bank of Canada cut their target price on Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. TD Securities lifted their price target on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. UBS Group raised their target price on Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Wells Fargo & Company lowered their price target on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Finally, Raymond James lowered their target price on shares of Suncor Energy from C$56.00 to C$55.00 in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and an average price target of C$62.32.

Suncor Energy Stock Up 0.5 %

Shares of TSE:SU traded up C$0.28 during midday trading on Thursday, reaching C$55.96. The company had a trading volume of 548,116 shares, compared to its average volume of 4,644,255. The stock’s fifty day moving average price is C$54.16 and its 200-day moving average price is C$53.60. The stock has a market capitalization of C$71.07 billion, a P/E ratio of 9.62, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a one year low of C$42.43 and a one year high of C$58.58. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same period in the prior year, the business posted $1.52 earnings per share. Equities research analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Insider Activity at Suncor Energy

In related news, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. 0.01% of the stock is currently owned by corporate 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.