Suncor Energy (TSE:SU) Price Target Raised to C$114.00 at JPMorgan Chase & Co.

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by JPMorgan Chase & Co. from C$107.00 to C$114.00 in a report released on Thursday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target points to a potential upside of 25.83% from the stock’s previous close.

A number of other analysts also recently issued reports on SU. Scotia increased their target price on shares of Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 21st. Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a “buy” rating in a research report on Friday, July 17th. Scotiabank raised Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Raymond James Financial upped their price target on Suncor Energy from C$103.00 to C$109.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets lifted their target price on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$97.69.

Suncor Energy Trading Up 1.7%

TSE:SU traded up C$1.48 on Thursday, reaching C$90.60. The stock had a trading volume of 770,907 shares, compared to its average volume of 6,296,425. Suncor Energy has a 12-month low of C$52.96 and a 12-month high of C$96.53. The company has a market cap of C$105.97 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 0.15 and a beta of 0.18. The firm’s fifty day moving average is C$85.01 and its two-hundred day moving average is C$84.34. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The business had revenue of C$17.50 billion during the quarter. Equities analysts expect that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Insider Buying and Selling at Suncor Energy

In other news, insider Shelley Powell sold 41,911 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total value of C$3,671,403.60. Following the completion of the transaction, the insider directly owned 27,705 shares in the company, valued at C$2,426,958. This trade represents a 60.20% decrease in their ownership of the stock. Corporate 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.