Suncor Energy (TSE:SU) PT Raised to C$54.00 at Desjardins

Suncor Energy (TSE:SU) (NYSE:SU) had its target price increased by Desjardins from C$48.50 to C$54.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ target price suggests a potential upside of 0.88% from the stock’s previous close.

Several other research analysts also recently weighed in on SU. Wells Fargo & Company boosted their price target on Suncor Energy from C$55.00 to C$60.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. CIBC upped their target price on Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank of Canada raised their price target on Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. National Bankshares upped their price objective on shares of Suncor Energy from C$57.00 to C$75.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Securities boosted their target price on shares of Suncor Energy from C$46.00 to C$48.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$57.62.

Suncor Energy Price Performance

Shares of TSE SU traded down C$0.01 during trading on Tuesday, reaching C$53.53. The company had a trading volume of 1,180,152 shares, compared to its average volume of 7,899,091. The company has a current ratio of 1.44, a quick ratio of 0.83 and a debt-to-equity ratio of 36.52. The stock has a market capitalization of C$69.05 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52. Suncor Energy has a twelve month low of C$37.09 and a twelve month high of C$53.85. The stock has a 50-day moving average price of C$48.72 and a two-hundred day moving average price of C$45.72.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The company had revenue of C$14.14 billion for the quarter, compared to analysts’ expectations of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. As a group, sell-side analysts predict that Suncor Energy will post 4.7415525 earnings per share for the current year.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 corporate insiders.

About Suncor Energy

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.