Suncor Energy (TSE:SU) Given New C$125.00 Price Target at ATB Cormark Capital Markets

Key Points

• ATB Cormark raised Suncor Energy’s price target to C$125 from C$100 and maintained an “outperform” rating, implying 15.32% upside from the prior close.
• Analyst sentiment is broadly positive: Suncor has a consensus “Moderate Buy” rating and an average price target of C$103.06, though one analyst recently downgraded the stock to “neutral.”
• Suncor shares traded at C$108.39, near their one-year high of C$112.80. The company reported C$3.23 in quarterly EPS on C$17.50 billion in revenue, while insiders have sold about 79,792 shares in the last quarter.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its target price boosted by stock analysts at ATB Cormark Capital Markets from C$100.00 to C$125.00 in a research report issued on Thursday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. ATB Cormark Capital Markets's price objective indicates a potential upside of 15.32% from the company's previous close.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada raised their price objective on shares of Suncor Energy from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a report on Tuesday, October 13th. Gerdes Energy Research cut shares of Suncor Energy from a "buy" rating to a "neutral" rating and boosted their target price for the company from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Desjardins boosted their target price on shares of Suncor Energy from C$110.00 to C$117.00 and gave the company a "buy" rating in a report on Tuesday. TD increased their target price on Suncor Energy from C$113.00 to C$116.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Finally, Raymond James Financial raised their price target on Suncor Energy from C$109.00 to C$118.00 and gave the stock an "outperform" rating in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$103.06.

Suncor Energy Stock Performance

Shares of TSE:SU traded down C$2.48 during mid-day trading on Thursday, reaching C$108.39. The company had a trading volume of 4,872,354 shares, compared to its average volume of 6,132,884. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48. The firm has a market cap of C$126.78 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.15 and a beta of 0.18. The company's 50-day moving average price is C$97.34 and its 200-day moving average price is C$90.74. Suncor Energy has a one year low of C$54.55 and a one year high of C$112.80.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. The business had revenue of C$17.50 billion during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. As a group, equities research analysts anticipate that Suncor Energy will post 4.42 EPS for the current fiscal year.

Insider Activity at Suncor Energy

In other Suncor Energy news, insider Peter Douglas Zebedee sold 5,000 shares of the stock in a transaction that occurred on 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 David Jason Oldreive sold 5,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00. Insiders have sold 79,792 shares of company stock valued at $7,294,928 in the last quarter. 0.01% of the stock is currently owned by company 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.

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