Suncor Energy (TSE:SU) Stock Price Expected to Rise, National Bank Financial Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by analysts at National Bank Financial from C$85.00 to C$118.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 29.97% from the company’s current price.

Several other equities research analysts have also commented on SU. Scotiabank upped their price target on shares of Suncor Energy from C$62.00 to C$70.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Desjardins lifted their price objective on Suncor Energy from C$79.00 to C$85.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. BMO Capital Markets boosted their price objective on Suncor Energy from C$69.00 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Raymond James Financial upped their target price on Suncor Energy from C$76.00 to C$93.00 in a research note on Monday. Finally, TD Securities raised their target price on Suncor Energy from C$74.00 to C$81.00 in a report on Wednesday, February 4th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$81.14.

Suncor Energy Stock Performance

SU stock traded down C$1.15 during trading on Tuesday, reaching C$90.79. The company had a trading volume of 3,088,426 shares, compared to its average volume of 7,534,158. The company has a market cap of C$107.76 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. Suncor Energy has a twelve month low of C$43.59 and a twelve month high of C$94.34. The company has a debt-to-equity ratio of 40.74, a quick ratio of 0.83 and a current ratio of 1.39. The firm has a 50-day simple moving average of C$77.83 and a 200-day simple moving average of C$66.13.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$12.04 billion for the quarter. Suncor Energy had a net margin of 12.10% and a return on equity of 13.17%. As a group, sell-side analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

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.