Suncor Energy (TSE:SU) Price Target Raised to C$65.00 at CIBC

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by research analysts at CIBC from C$60.00 to C$65.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 21.00% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. National Bankshares lifted their price objective on shares of Suncor Energy from C$57.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities increased their price target on shares of Suncor Energy from C$46.00 to C$48.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. BMO Capital Markets upped their target price on Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th. Wells Fargo & Company upped their price objective on Suncor Energy from C$55.00 to C$60.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Jefferies Financial Group boosted their target price on shares of Suncor Energy from C$50.00 to C$53.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Suncor Energy has an average rating of “Hold” and an average price target of C$57.19.

Suncor Energy Trading Up 1.4 %

SU stock traded up C$0.73 during midday trading on Monday, hitting C$53.72. 1,394,434 shares of the company’s stock were exchanged, compared to its average volume of 7,966,400. Suncor Energy has a one year low of C$37.09 and a one year high of C$53.78. The stock’s fifty day moving average price is C$48.52 and its 200-day moving average price is C$45.65. The company has a market cap of C$69.30 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52. The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.83 and a current ratio of 1.44.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating the consensus estimate of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The firm had revenue of C$14.14 billion for the quarter, compared to analysts’ expectations of C$11.33 billion. Research analysts predict that Suncor Energy will post 4.7415525 earnings per share for the current fiscal year.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total transaction of C$549,960.00. Company insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.