Royal Bank Of Canada Increases Suncor Energy (TSE:SU) Price Target to C$75.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price hoisted by analysts at Royal Bank Of Canada from C$69.00 to C$75.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 3.14% from the stock’s previous close.

Several other equities research analysts also recently weighed in on SU. UBS Group raised their price target on Suncor Energy from C$61.00 to C$65.00 in a report on Wednesday, November 5th. TD Securities boosted their target price on shares of Suncor Energy from C$74.00 to C$81.00 in a research report on Wednesday. Scotiabank upped their price target on shares of Suncor Energy from C$62.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Raymond James Financial lifted their price objective on shares of 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. Finally, CIBC boosted their price objective on shares of Suncor Energy from C$65.00 to C$70.00 in a report on Thursday, November 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$72.79.

Suncor Energy Stock Up 1.0%

SU traded up C$0.72 during 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 stock has a 50 day simple moving average of C$64.15 and a two-hundred day simple moving average of C$59.37. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$75.50. The company has a market capitalization of C$87.36 billion, a PE ratio of 16.95, a PEG ratio of 0.15 and a beta of 0.89.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data 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, research analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.

Insider Buying and Selling at Suncor Energy

In related news, insider Troy Ward Little sold 8,711 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of C$62.61, for a total transaction of C$545,395.71. Also, insider Kristopher Peter Smith sold 112,600 shares of Suncor Energy stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the completion of the transaction, the insider directly owned 48,482 shares of the company’s stock, valued at C$2,993,278.68. The trade was a 69.90% decrease in their position. Over the last ninety days, insiders sold 164,675 shares of company stock valued at $10,208,871. 0.01% of the stock is owned by company 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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.