Suncor Energy (TSE:SU) Given New C$145.00 Price Target at National Bank Financial

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective decreased by equities researchers at National Bank Financial from C$146.00 to C$145.00 in a research note issued to investors on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 31.99% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. TD lifted their price objective on 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. Gerdes Energy Research cut Suncor Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. ATB Cormark Capital Markets upped their target price on Suncor Energy from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada upped their target price on Suncor Energy from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. Finally, Desjardins set a C$107.00 target price on Suncor Energy and gave the stock a “buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$102.12.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded down C$0.77 during trading on Tuesday, hitting C$109.86. 1,110,626 shares of the company’s stock were exchanged, compared to its average volume of 6,162,521. The stock has a market capitalization of C$128.50 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.15 and a beta of 0.18. The business has a 50-day simple moving average of C$96.47 and a 200-day simple moving average of C$90.47. Suncor Energy has a 52-week low of C$53.02 and a 52-week high of C$112.04. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The company had revenue of C$17.50 billion for the quarter. On average, research analysts forecast that Suncor Energy will post 4.42 EPS for the current year.

Insider Transactions at Suncor Energy

In related 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 transaction 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. Over the last 90 days, insiders sold 79,792 shares of company stock worth $7,294,928. 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.