Suncor Energy (TSE:SU – Get Rating) (NYSE:SU) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from C$55.00 to C$56.00 in a note issued to investors on Tuesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price points to a potential upside of 36.92% from the company’s current price.
Other research analysts also recently issued reports about the company. Eight Capital downgraded Suncor Energy from a “neutral” rating to a “sell” rating and dropped their price target for the stock from C$56.00 to C$46.00 in a research note on Monday, July 11th. National Bankshares dropped their price target on Suncor Energy from C$73.00 to C$64.00 and set a “sector perform” rating on the stock in a research note on Monday. TD Securities upped their price target on Suncor Energy from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Tuesday, May 10th. BMO Capital Markets boosted their price objective on Suncor Energy from C$54.00 to C$60.00 in a report on Thursday, June 9th. Finally, Royal Bank of Canada raised Suncor Energy to a “buy” rating and set a C$53.00 price objective for the company in a report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$49.70.
Suncor Energy Trading Up 2.9 %
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Shares of TSE:SU traded up C$1.16 during midday trading on Tuesday, reaching C$40.90. The company’s stock had a trading volume of 3,902,558 shares, compared to its average volume of 10,798,564. The firm has a 50 day moving average price of C$47.14 and a two-hundred day moving average price of C$42.01. Suncor Energy has a fifty-two week low of C$21.90 and a fifty-two week high of C$53.62. The company has a debt-to-equity ratio of 47.08, a quick ratio of 0.70 and a current ratio of 1.18. The firm has a market capitalization of C$56.45 billion and a price-to-earnings ratio of 9.56.
Suncor Energy (TSE:SU – Get Rating) (NYSE:SU) last posted its quarterly earnings results on Monday, May 9th. The company reported C$1.92 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.65 by C$0.27. The firm had revenue of C$13.49 billion for the quarter, compared to analyst estimates of C$11.62 billion. As a group, analysts forecast that Suncor Energy will post 7.38 earnings per share for the current year.
Insider Activity at Suncor Energy
In other news, Director Michael M. Wilson acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were acquired at an average price of C$48.04 per share, for a total transaction of C$480,420.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at C$960,840.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
Further Reading
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