Suncor Energy (TSE:SU) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective upped by research analysts at Royal Bank Of Canada from C$100.00 to C$110.00 in a research note issued on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 2.90% from the stock’s current price.

Several other equities analysts have also issued reports on SU. Raymond James Financial boosted their price target on Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. National Bank Financial raised their price objective on shares of Suncor Energy from C$118.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. TD lifted their price objective on shares of Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. BMO Capital Markets lifted their price objective on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. Finally, Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$101.56.

Suncor Energy Trading Up 3.7%

Shares of SU stock traded up C$3.86 during mid-day trading on Tuesday, hitting C$106.90. The company’s stock had a trading volume of 2,130,413 shares, compared to its average volume of 6,230,052. The company’s fifty day simple moving average is C$94.34 and its 200-day simple moving average is C$89.85. Suncor Energy has a 52 week low of C$53.02 and a 52 week high of C$107.23. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The company has a market cap of C$125.03 billion, a PE ratio of 14.27, a P/E/G ratio of 0.15 and a beta of 0.18.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. The company had revenue of C$17.50 billion for the quarter. As a group, equities research analysts expect that Suncor Energy will post 4.42 earnings per share for the current fiscal year.

Insider Activity

In other Suncor Energy news, insider Richard Michael Kruger sold 15,378 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total value of C$1,458,449.52. Also, insider Peter Douglas Zebedee sold 5,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00. In the last 90 days, insiders have sold 79,792 shares of company stock valued at $7,294,928. 0.01% of the stock is currently owned by 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.