Suncor Energy (TSE:SU) Given New C$85.00 Price Target at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lifted by analysts at National Bankshares from C$72.00 to C$85.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 16.68% from the stock’s current price.

A number of other research analysts also recently weighed in on SU. Raymond James Financial upped their price target on Suncor Energy from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. CIBC lifted their price target on Suncor Energy from C$65.00 to C$70.00 in a research report on Thursday, November 27th. Wells Fargo & Company set a C$57.00 target price on Suncor Energy and gave the company an “equal weight” rating in a report on Friday, October 17th. Gerdes Energy Research lifted their price objective on Suncor Energy from C$75.00 to C$78.00 in a research report on Monday, November 10th. Finally, UBS Group increased their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$69.62.

Suncor Energy Stock Up 1.2%

Shares of TSE:SU traded up C$0.87 during midday trading on Tuesday, hitting C$72.85. The stock had a trading volume of 1,640,820 shares, compared to its average volume of 4,548,111. 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 business’s 50-day simple moving average is C$63.75 and its 200-day simple moving average is C$59.14. The company has a market cap of C$87.51 billion, a P/E ratio of 16.98, a PEG ratio of 0.15 and a beta of 0.79. Suncor Energy has a 12 month low of C$43.59 and a 12 month high of C$74.03.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$1.48 EPS for the quarter. The business had revenue of C$12.55 billion for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. On average, sell-side analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Insider Transactions at Suncor Energy

In other Suncor Energy news, insider Kristopher Peter Smith sold 112,600 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 48,482 shares in the company, valued at approximately C$2,993,278.68. This represents a 69.90% decrease in their position. Also, insider Troy Ward Little sold 8,711 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$62.61, for a total value of C$545,395.71. Insiders sold a total of 164,675 shares of company stock worth $10,208,871 over the last quarter. Company insiders own 0.01% of the company’s stock.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.