TD Issues Positive Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by investment analysts at TD from C$125.00 to C$129.00 in a report issued on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s target price points to a potential upside of 30.86% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets boosted their price target on shares of Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. National Bank Financial upped their price target on shares of Suncor Energy from C$145.00 to C$151.00 and gave the stock an “outperform” rating in a research report on Thursday. ATB Cormark Capital Markets increased their price objective on shares of Suncor Energy from C$100.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Raymond James Financial lifted their price objective on shares of Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Suncor Energy from C$107.00 to C$114.00 in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$109.27.

Suncor Energy Stock Down 2.2%

Shares of SU stock traded down C$2.26 on Thursday, hitting C$98.58. The stock had a trading volume of 2,502,602 shares, compared to its average volume of 6,039,348. The company has a quick ratio of 0.83, a current ratio of 1.71 and a debt-to-equity ratio of 10.56. The business has a 50 day moving average price of C$100.35 and a 200 day moving average price of C$88.45. The company has a market cap of C$115.30 billion, a PE ratio of 13.16, a P/E/G ratio of 0.15 and a beta of 0.18. Suncor Energy has a one year low of C$57.95 and a one year high of C$112.80.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, November 3rd. The company reported C$3.97 earnings per share for the quarter. Suncor Energy had a net margin of 17.22% and a return on equity of 23.57%. The company had revenue of C$18.88 billion during the quarter. Research analysts anticipate that Suncor Energy will post 4.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Peter Douglas Zebedee sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of C$98.00, for a total value of C$490,000.00. Also, insider Richard Michael Kruger sold 15,378 shares of the firm’s stock in a transaction dated 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. Insiders sold a total of 79,792 shares of company stock valued at $7,294,928 in the last three months. 0.01% of the stock is currently owned by insiders.

About Suncor Energy

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.