Suncor Energy (TSE:SU) Given New C$76.00 Price Target at Raymond James Financial

Suncor Energy (TSE:SU) (NYSE:SU) had its target price increased by equities researchers at Raymond James Financial from C$73.00 to C$76.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 4.51% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Suncor Energy from C$59.00 to C$64.00 in a research report on Thursday, November 6th. UBS Group increased their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Wednesday, November 5th. CIBC raised their target price on shares of Suncor Energy from C$65.00 to C$70.00 in a research note on Thursday, November 27th. Desjardins upped their price target on Suncor Energy from C$79.00 to C$85.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Gerdes Energy Research increased their price target on Suncor Energy from C$75.00 to C$78.00 in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$72.79.

Suncor Energy Price Performance

Shares of TSE SU traded up C$0.72 during midday trading on Thursday, hitting C$72.72. The stock had a trading volume of 5,635,850 shares, compared to its average volume of 4,926,378. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The stock has a 50 day simple moving average of C$64.15 and a 200-day simple moving average of C$59.37. The company has a market capitalization of C$87.36 billion, a PE ratio of 16.95, a P/E/G ratio of 0.15 and a beta of 0.89. Suncor Energy has a 1 year low of C$43.59 and a 1 year high of C$75.50.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. On average, sell-side analysts expect that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Peter Douglas Zebedee sold 43,364 shares of Suncor Energy stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$62.53, for a total value of C$2,711,550.92. Also, insider Kristopher Peter Smith sold 112,600 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of C$61.74, for a total value 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. In the last ninety days, insiders sold 164,675 shares of company stock valued at $10,208,871. 0.01% of the stock is currently owned by insiders.

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.