Suncor Energy (TSE:SU) Stock Gets Price Target Bump from ATB Cormark Capital Markets

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by research analysts at ATB Cormark Capital Markets from C$108.00 to C$110.00 in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target points to a potential upside of 12.68% from the stock’s previous close.

Several other analysts also recently issued reports on SU. Raymond James Financial upped their price objective on shares of Suncor Energy from C$109.00 to C$118.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. lifted their price target on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. BMO Capital Markets upped their target price on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. TD boosted their price objective on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. One equities research 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. According to MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$100.94.

Suncor Energy Stock Down 0.4%

Suncor Energy stock traded down C$0.37 during mid-day trading on Tuesday, hitting C$97.62. 1,298,197 shares of the company’s stock were exchanged, compared to its average volume of 6,271,758. Suncor Energy has a 1-year low of C$53.02 and a 1-year high of C$100.24. The stock has a 50 day moving average of C$93.61 and a two-hundred day moving average of C$89.38. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48. The stock has a market cap of C$114.18 billion, a P/E ratio of 13.03, a P/E/G ratio of 0.15 and a beta of 0.18.

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

Insiders Place Their Bets

In other Suncor Energy news, insider Richard Michael Kruger sold 15,378 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$94.84, for a total transaction of C$1,458,449.52. Also, insider Shelley Powell sold 41,911 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total transaction of C$3,671,403.60. Following the completion of the sale, the insider owned 27,705 shares in the company, valued at C$2,426,958. This represents a 60.20% decrease in their position. Insiders sold a total of 79,792 shares of company stock worth $7,294,928 in the last 90 days. 0.01% of the stock is owned by corporate 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.